OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, are targeting November 23 to launch OKXICE, a joint platform for trading tokenized securities. Available to eligible US customers of OKX, the service would operate around the clock on the X Layer network. The announced catalogue includes more than 70 securities, notably shares from Strategy, Coinbase, Circle and Robinhood, along with 59 Direxion ETFs, although the assets available for trading at launch have yet to be confirmed. Each token would represent an existing security held in a one-to-one ratio through a registered broker-dealer. According to a November 5 regulatory filing, 67 companies, including Meta, Tesla, Netflix, Home Depot and Costco, reportedly opted out of third-party tokenization, while Nasdaq raised concerns about liquidity fragmentation.
Source: Read the original article
