OKXICE, a tokenized stock venue launched by OKX and the NYSE group, is opening on November 23 with more than 70 assets, including 59 leveraged ETFs, seven crypto companies and Strategy’s preferred shares. Each token is backed one-for-one by a real share and carries dividend and voting rights, while trading runs through Uniswap v4 pools on X Layer. In September, after the CLARITY Act failed in the Senate, the SEC created an innovation exemption allowing venues to trade tokenized versions of US stocks without new legislation, unless companies objected in writing within 30 days. All seven Magnificent Seven companies have objected, while the NYSE selected Avalanche to handle clearing and settlement for its forthcoming 24/7 tokenized securities platform. In markets, Bitcoin fell to $72,800, MSCI said it would remove Strategy, Metaplanet and Yellow Cake from its indexes on November 30, and Nvidia dropped 8% after further allegations involving CEO Jensen Huang.
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