The joint venture, named OKXICE LLC, filed a notice with the US Securities and Exchange Commission to establish a tokenized securities venue. This platform aims to provide access to tokenized shares for over 60 companies currently listed on US stock exchanges.
The initiative follows a September ruling by the SEC, which introduced a temporary innovation exemption. This regulatory framework permits the limited trading of tokenized National Market System stocks on specific onchain venues using automated market makers and liquidity pools.
OKX and the Intercontinental Exchange, the parent company of the New York Stock Exchange, established the 50-50 joint venture in June. The partnership focuses on developing infrastructure specifically designed for tokenized financial products.
