OKX and NYSE parent company joint venture OKXICE to launch 24/7 tokenized securities trading on November 23
According to reports by Reuters and others, OKX, the crypto exchange, and OKXICE, a 50-50 joint venture with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced that they will launch a tokenized securities venue (TSV) on November 23, 2026, providing eligible U.S. customers with around-the-clock (24/7) trading of tokenized U.S. securities.
More than 70 assets have been confirmed in the initial phase, including tokenized stocks such as Coinbase, Circle, Robinhood and Strategy (including preferred shares), as well as 59 Direxion exchange-traded funds. The tokens will be powered by Securitize’s infrastructure, with each token backed one-to-one by the underlying real shares and retaining shareholder rights such as dividends and voting. Trading will be conducted through the CeDeFi wallet in the OKX app, based on the SEC’s innovation exemption framework.
Several traditional companies had previously raised objections, and 67 issuers, including some tech giants, have opposed their shares being tokenized. The final launch list is mainly composed of crypto-related companies. The platform is one of the early applications following the SEC’s innovation exemption launched in September.
Original source: reuters.com/legal/government/okxice-launch-247-trading-tokenized-us-securities-2026-11-11
ABAB AI Insight
A joint venture between a traditional exchange operator and a crypto platform is launching around-the-clock tokenized securities trading under the SEC’s innovation exemption. OKXICE, as the joint venture of OKX and ICE, will go live with TSV on November 23, offering 24/7 trading of more than 70 tokenized assets to qualified U.S. users, including crypto-related stocks and Direxion ETFs. The tokens are backed one-to-one by real shares and retain shareholder rights, with settlement through a self-custody wallet.
Unlike traditional trading hours, this route extends securities trading to a 24/7 schedule and relies on stablecoins and on-chain mechanisms. In similar cases, capital markets are more focused on whether issuer objections limit asset coverage and whether liquidity and compliance can scale under the exemption framework. Most large traditional issuers have opted out, leaving the initial list concentrated among companies related to the crypto ecosystem.
This launch moves tokenized securities from an experimental product to a regulated 24/7 trading venue. The beneficiaries are U.S. qualified investors seeking 24/7 access, as well as OKX and ICE participating in the joint venture; the dissenting issuers avoid having their shares enter the venue. The structural change is that U.S. securities trading expands from traditional exchange hours to an on-chain 24/7 path, with shareholder rights conveyed through one-to-one backed tokens rather than price exposure alone.
Cognitive Law
An exchange and a crypto platform jointly expand securities trading to 24/7 under the innovation exemption.
Issuer objections cause the initial assets to concentrate in crypto-related companies and specific ETFs.
One-to-one backing and rights transfer move tokenization from a price tool to a representation of real shares.