OKXICE LLC, the joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has filed with the U.S. Securities and Exchange Commission (SEC) to launch a trading venue for tokenized U.S. stocks.
The platform would initially cover blockchain-based versions of shares in 63 NYSE-listed companies, with launch subject to an issuer opt-out period and other regulatory conditions.
What OKXICE Filed With the SEC
The joint venture submitted its filing on Sunday, October 4, 2026, Bloomberg reported. The report described OKX as one of the first major crypto exchanges to use the new U.S. framework that allows digital versions of public company shares to trade on crypto venues.
OKXICE intends to operate as a Tokenized Securities Venue (TSV), a new category of trading platform created by the SEC that can list tokenized versions of exchange-listed stocks. Tokenized stocks are digital records of ownership in a company’s shares that are issued and transferred on a blockchain, which allows them to trade outside conventional market hours.
Under the SEC framework, each issuer receives notice and has 30 days to opt out before trading in its tokenized shares can begin. The venue’s launch therefore depends on how many of the 63 companies remain on the list after that window closes.
Former New York Governor Andrew Cuomo, co-chair of OKXICE, announced the filing in a post on X, calling it a landmark step toward “a truly global, 24/7 Wall Street.” Cuomo also sits on the OKX board of directors, a role The Crypto Times reported in July after he spent several years as an adviser to the exchange.
How the SEC Innovation Exemption Works
The filing builds on the SEC’s Innovation Exemption, issued on September 17, 2026. The order lets qualifying TSVs trade tokenized National Market System (NMS) stocks, meaning shares listed on U.S. national securities exchanges, through permissioned automated market makers (AMMs) and liquidity pools. An AMM is software that prices trades using pooled assets rather than a traditional order book, and “permissioned” means only approved participants can access it.
SEC Chairman Paul Atkins said the order grants two forms of temporary, conditional relief under Section 36(a)(1) of the Securities Exchange Act of 1934. The first exempts TSVs from the legal definition of an “exchange.” The second provides tailored relief for certain liquidity providers that commit their own capital, according to Commissioner Mark Uyeda.
Investor protection rules sit at the center of the framework. Atkins stated that tokenized NMS stock must give holders the same rights and privileges as traditional securities, including dividends and voting rights. Uyeda noted the program is subject to symbol limits and volume caps tied to the market’s limit up, limit down tiers.
The relief runs for five years. Commissioner Hester Peirce described it as an interim step on the road to permanent rules and clarified that the order does not cover decentralized finance. The Crypto Times covered the five-year exemption for tokenized U.S. stock trading on the day it was issued, along with Securitize’s breakdown of the trading limits and issuer protections and Peirce’s remarks at SIFMA’s Digital Assets Conference.
Background on the OKX and ICE Partnership
OKX and ICE announced OKXICE as a 50-50 joint venture on June 22, 2026, to build infrastructure for tokenized and digitally native financial products. The venture is co-chaired by Cuomo and Trabue Bland, Senior Vice President of Futures Exchanges at ICE. Subject to regulatory approval, it plans to operate as a U.S.-registered broker-dealer and futures commission merchant (FCM), a firm licensed to handle futures orders and customer funds.
The venture followed ICE’s strategic investment in OKX in March 2026, a deal that valued the crypto exchange at about $25 billion. The two companies have since expanded their ties, including the launch of OKX perpetual futures based on ICE oil benchmarks in May.
OKB Market Data
OKB, the native token of the OKX ecosystem, traded at $124.62 at the time of writing, up 3.4% over 24 hours and 5.3% over seven days, according to CoinGecko.
The token had a market capitalization of about $2.62 billion, ranking 43rd among cryptocurrencies, with 24-hour trading volume of roughly $23.2 million. No direct link between the filing and the token’s price movement has been established.
What Comes Next
The filing is an early step rather than a launch. OKXICE must complete the 30-day issuer opt-out period and meet every condition of the exemption, including symbol limits, volume caps, and full shareholder rights for token holders, before trading can begin.
The number of companies that stay on the initial list of 63 will indicate how willing NYSE-listed issuers are to see their shares traded on blockchain-based venues, and the SEC has said it will use data from this five-year window to shape longer-term rules for tokenized securities.
Also Read: Binance Updates International Crypto Transfer Requirements for Brazilian Users
