OKXICE LLC, a joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has notified the U.S. Securities and Exchange Commission (SEC) of its intention to launch a trading platform for tokenized securities (TSV) under the innovation exemption framework. The platform will offer tokenized shares of more than 60 companies listed on U.S. exchanges.

OKXICE co-chair Andrew Cuomo described the initiative as “a milestone on the path to a truly global, 24/7 Wall Street” and a step toward preserving the future of digital finance in the U.S.

TSV Under 'Innovation Exemption': Permissive Trading via AMM and Pools

Under the new SEC exemption, such platforms will be able to offer permissive trading of tokenized National Market System (NMS) shares using automated market makers and liquidity pools.

OKX and ICE Formed a 50/50 Joint Venture for Tokenization in June

OKX and Intercontinental Exchange established a 50/50 joint venture in June to develop infrastructure for tokenized financial products.

SEC Granted Temporary Exemption for Tokenized Shares in September

In September, the regulator granted a temporary exemption allowing limited trading of tokenized U.S. shares on select on-chain platforms.