OKXICE, a venture between crypto exchange OKX and Intercontinental Exchange, is scheduled to launch tokenized stock trading for eligible US customers on November 23. It will operate under the Securities and Exchange Commission’s temporary Innovation Exemption, which requires venues to give companies an opportunity to object to listings of tokens representing their shares by unaffiliated third parties. JPMorgan Chase, McDonald’s, SpaceX and Coca-Cola are among the 67 companies that objected, while Nasdaq warned that liquidity could fragment across traditional exchanges and blockchain platforms. OKX expects the venue to list more than 70 assets, including 59 exchange-traded funds and tokenized shares of Coinbase, Circle, BitGo, Robinhood and Strategy. The total value of tokenized stocks and ETFs reached $3.88 billion on November 11, up 13.4% over 30 days.
Source: Read the original article
