Exchanges · News brief
OKXICE tokenized stock venue to open Nov. 23 with 70+ assets
The OKX and ICE joint venture will start trading tokenized U.S.
Key takeaways
- Opening date. The venue is scheduled to begin trading at 9 a.m. ET on Nov. 23, with 70-plus assets confirmed but no guarantee all will be live that day.
- Share-backed tokens. Each token is a security entitlement backed one-for-one by a U.S. share held on the tokenizer's books, and holders keep dividend, voting and corporate-action rights.
- Objections on record. A Nov. 5 public notice lists 67 issuers that filed objections, including Apple, Amazon, Tesla, Meta and Goldman Sachs.
What happened
OKXICE, the joint venture between crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, announced on Nov. 11 that its Tokenized Securities Venue will begin trading at 9 a.m. ET on Nov. 23. The venture said it has confirmed more than 70 assets for the venue, although a representative noted that not every one of them may be available when trading starts.
Issuers named in the announcement include Better.com, BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy. Strategy also plans to list its preferred shares on the venue; chief executive Phong Le described tokenization there as a natural next step for those instruments. Direxion is adding 59 exchange-traded funds to the lineup.
Access at launch is restricted. Only eligible U.S. customers of OKX Inc. who pass know-your-customer checks, set up the required OKX wallet and complete onboarding with OKXICE will be able to trade. Orders are routed through automated market maker pools on Uniswap v4, deployed on X Layer, the Ethereum layer-2 network operated by OKX, and only approved wallets may trade or add liquidity. Securitize provides the tokenization infrastructure behind the listings.
Andrew Cuomo, the former New York governor who co-chairs OKXICE alongside Trabue Bland, said in the announcement that "the future of finance is onchain" and that investors want round-the-clock access with clear rules behind it. Kash Razzaghi, Circle's chief commercial officer, said the venue reflects markets evolving toward always-on access delivered through a framework built on real shares and real shareholder rights.
Questions readers ask
When does the OKXICE tokenized securities venue open?
The venture said trading begins at 9 a.m. ET on Nov. 23, following its Nov. 11 announcement.
Who can trade on the venue at launch?
Only eligible U.S. customers of OKX Inc. who pass know-your-customer checks, set up the required OKX wallet and complete onboarding with OKXICE. Trading and liquidity provision are limited to approved wallets.
Do token holders get shareholder rights?
Yes. Per the venture's Nov. 5 notice, each token is a security entitlement backed one-for-one by a U.S. share, and holders keep rights such as dividends, voting and participation in corporate actions. Buyers hold the tokens in their own wallets.
Sources · 4 publishers
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OKXICE Tokenized Stock Venue to Open Nov. 23; Circle, Coinbase, Robinhood Among 70+ Assets -
OKXICE sets Nov. 23 launch for tokenized securities venue under SEC innovation exemption -
OKXICE to Launch Tokenized Stocks Platform Under SEC’s Innovation Exemption on Nov. 23 -
OKXICE confirms Nov. 23 launch despite objections from 67 companies