Exchange OKX has filed with the US Securities and Exchange Commission to launch a tokenized-stock trading platform in the United States. The exchange already offers over 70 tokenized US stocks and ETFs (xStocks), tradeable 24/7, priced against USDT stablecoin and settled on Solana and X Layer. Current products are restricted to non-US and non-EU customers and are classified as synthetic, offering no voting rights or dividends. The SEC opened a regulatory pathway in September 2026 with a five-year Innovation Exemption requiring tokens to preserve full shareholder rights. To access the world’s largest equity market, OKX will need to restructure its products to deliver actual dividends and voting rights attached to each token.
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