OKX and ICE (NYSE owner) file SEC Innovation Exemption notice to launch 24/7 tokenized stock trading on 60+ equities including Nvidia and SpaceX paired with stablecoins.
Regulation & Gov ·
OKX and Intercontinental Exchange's joint venture has filed notice with the SEC to operate a 24/7 trading venue for tokenized U.S. stocks under the regulator's Innovation Exemption framework. The platform plans to list more than 60 equities—including Nvidia, Tesla, Apple, Microsoft and SpaceX—each paired with USDC, USDG or USDT for trading on XLayer, a layer-2 blockchain using permissioned Uniswap v4 pools. Chipmaker Cerebras Systems has already submitted an objection to prevent its shares from trading on the venue, which sources third-party tokenization without requiring company consent under the exemption's 30-day objection window.