OKXICE, the 50-50 joint venture between Intercontinental Exchange, owner of the New York Stock Exchange, and crypto exchange OKX, has notified the U.S. Securities and Exchange Commission that it plans to launch a permissioned venue for trading tokenized U.S. stocks around the clock. The notice, submitted Sunday, October 4, relies on the SEC's five-year Innovation Exemption, issued September 17.
The venue would initially cover more than 60 U.S.-listed stocks, including Apple, Nvidia, Tesla, JPMorgan Chase and Goldman Sachs, according to Ledger Insights. Trading would take place in permissioned Uniswap v4 liquidity pools on X Layer, OKX's layer-2 blockchain, with the tokenized shares paired against the stablecoins USDC, USDG and USDT. Former New York Governor Andrew Cuomo, who serves as OKXICE co-chair, called the plan "a landmark step toward a truly global, 24/7 Wall Street," Markets Media reported.
The structure builds in a role for issuers. Under the exemption, companies must receive 30 days' notice before their shares are offered and can object during that window, which puts the earliest possible launch in early November. Ledger Insights reported that Cerebras Systems has already filed an objection to its stock being tokenized on the venue.
The filing is a notice of intent, not a launch. The venue is not yet operating, no trading volume exists, and the listed companies have not endorsed participation beyond the opt-out mechanism. Ledger Insights also noted that, despite the decentralized plumbing, OKXICE itself remains in control of pool creation, wallet permissions, trading pauses and contract upgrades.
The notice shows how an incumbent exchange group intends to use the exemption: pairing the NYSE's parent with a crypto-native exchange, building on public-chain liquidity pools while keeping administrative control. Whether issuer objections narrow the list of 60-plus stocks over the next 30 days will be the first real test of how much leverage companies have over the tokenization of their own shares.