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OKXICE sets 23 Nov launch for tokenised stock venue with crypto issuers

The OKX and ICE joint venture will open a tokenised securities venue on 23 Nov with more than 70 assets, after major tech firms objected to their shares being traded there.

Why it matters: The launch shows how the SEC's innovation exemption is shaping tokenised equity trading, with crypto-native firms signing up while major tech companies stay out.

InvestIn.News NewsDesk · 1 min read
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Picture from Decrypt for: OKXICE sets 23 Nov launch for tokenised stock venue with crypto issuers
Image: Decrypt
Original reporting: Decrypt Staff, Decrypt

Key points

  • OKXICE will list more than 70 assets from 23 Nov, including 59 Direxion ETFs and shares in Coinbase, Circle, Robinhood and Strategy.
  • 67 companies, among them all of the Magnificent Seven, objected to their shares appearing on the venue by the 5 Nov notice.

Eligible US customers of OKX will be able to trade tokenised stocks around the clock in the OKX app, with more than 70 assets expected at launch.

The launch lineup leans on crypto-friendly public companies: Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com, alongside 59 Direxion ETFs. Strategy will also list preferred stocks such as STRC, and its chief executive, Phong Le, described the move as a natural next step.

That roster differs sharply from the one the venue began with. Coinbase, Robinhood and Strategy were not among the objectors.

Securitize supplies the tokenisation infrastructure, and each token is backed one-for-one by a real US share carrying dividends and voting rights. Access requires a CeDeFi Wallet, identity verification and OKXICE onboarding.

What to watch: The venue is due to open on 23 Nov, when eligible US OKX customers can begin trading the listed tokenised securities.

Read the full story on Decrypt

Live updates on NewsFeeds:AltcoinsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Decrypt’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

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