OKX and ICE file SEC bid for round-the-clock tokenized stock trading
Regulation & Gov ·
A joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange has asked U.S. regulators for permission to run a 24/7 tokenized trading platform covering 63 NYSE-listed companies.
The filing, lodged with the SEC under its innovation exemption, would let the venture offer digital versions of public-company shares that trade continuously rather than within standard exchange hours, according to a report on the move. The core mechanic is straightforward: instead of routing orders through the existing NYSE market structure, the venture would issue tokenized representations of shares in 63 named companies that can be bought and sold around the clock, including weekends, outside the windows in which the underlying stock itself can be traded on traditional venues.
The move positions OKX as one of the first major exchanges to bring tokenized versions of public-company equity to market in the U.S., a framing echoed in coverage of the filing. Separate reporting on the same application emphasizes that the SEC's innovation exemption is the specific regulatory pathway being used to seek approval, rather than a conventional registration route, a detail confirmed in Bloomberg's account of the filing. Coverage of the joint venture structure itself, describing it as a platform built to operate tokenized trading rather than a product bolted onto existing exchange infrastructure, appears in The Block's writeup.
The pairing of OKX with ICE, the operator of the New York Stock Exchange, is notable given OKX's existing footprint as a top-tier global crypto exchange by volume; the filing extends a pattern of the exchange pushing into adjacent financial infrastructure beyond spot and derivatives trading. Additional coverage of the filing circulating in Chinese-language crypto media, including a summary of the SEC submission, indicates the development has drawn attention across multiple regional outlets, with six distinct sources tracked covering the cluster.
What remains unresolved is whether and when the SEC will act on the innovation exemption request, and what conditions, if any, it might attach to approval. Also unclear from the filing is how settlement, custody, and investor protections would work for the tokenized shares compared with conventional NYSE-listed equity, and whether the 63-company list would expand if the venture is approved.