OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), announced on Wednesday that it will launch a new platform for 24/7 trading in tokenized U.S. securities on November 23. The initiative marks a major push to bridge traditional equity markets with blockchain infrastructure, enabling eligible U.S.-based users to trade digital representations of stocks and funds outside conventional market hours, Reuters reported.
Proponents within the digital asset sector argue that tokenizing traditional securities could fundamentally modernize capital markets. By operating on blockchain networks, the platform aims to facilitate continuous trading, instant settlement, improved liquidity, and lower transaction costs for investors.
The launch was made possible after the SEC introduced temporary regulatory exemptions in September, just days after the U.S. Senate failed to pass comprehensive cryptocurrency legislation. Under these rules, platforms can facilitate tokenized stock trading provided the digital assets grant the same rights and protections as their underlying shares. Carlos Domingo, chairman and CEO of tokenization partner Securitize, emphasized this standard, noting that building the future of tokenized stocks on real shares and genuine shareholder protections is essential to advancing capital markets on the right foundation.
