OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange, will launch a tokenized stock trading platform on November 23 that will operate around the clock. The service will run under the U.S. Securities and Exchange Commission’s experimental Innovation Exemption and use stablecoins for settlement. Eligible U.S. OKX customers will hold the tokens in their own wallets while retaining traditional shareholder rights, including dividends and voting rights. Despite objections from 56 of the 62 companies initially approached, the platform plans to list more than 70 assets, including shares of Strategy, Coinbase, Circle and Robinhood, along with 59 Direxion ETFs. OKXICE will become the second venue to operate under the SEC’s experimental framework for on-chain securities, with initial access limited to eligible U.S. OKX customers.
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