OKX joint venture files with SEC to launch tokenized trading platform
OKX joint venture files with SEC to launch tokenized trading platform By Gregor Stuart Hunter
SINGAPORE, Oct 5 (Reuters) - OKXICE, the joint venture between crypto exchange OKX and Intercontinental Exchange ICE.N, filed with the Securities and Exchange Commission on Sunday to launch a tokenized securities platform for around-the-clock trading of US stocks.
More than 60 listed companies will be available for around-the-clock trading throughout the week, according to the filing
"This is a landmark step toward a truly global, 24/7 Wall Street," said former New York Governor Andrew Cuomo, who is co-chair of OKXICE, in a post on the X social media platform
The SEC unveiled an exemption last month allowing companies to offer trading in blockchain-based or "tokenized" stocks and other securities. The move came two days after comprehensive cryptocurrency legislation backed by US President Donald Trump failed to advance in the Senate
Global exchanges including the NYSE, Nasdaq and the London Stock Exchange are preparing to launch round-the-clock trading in the coming months
Prediction markets' push into US stock trading has recently raised regulatory concerns
(Reporting by Gregor Stuart Hunter; Editing by Priyanka G)
((gregor.hunter@thomsonreuters.com))
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