- OKXICE will open its tokenized securities venue on Nov. 23 with more than 70 assets.
- Launch listings include Coinbase, Circle, Robinhood, Strategy and 59 Direxion ETFs.
- Each token is backed one-for-one by a real U.S. share through Securitize.
The OKXICE venue is set to open on Nov. 23, giving eligible U.S. customers access to tokenized securities through the OKX app. The joint venture between OKX and Intercontinental Exchange plans to launch with more than 70 assets, including shares tied to crypto-related public companies and 59 Direxion ETFs. The starting lineup marks a shift after many large companies objected to having their shares listed on the platform. In response, the OKXICE venue is debuting with issuers more closely aligned with the digital asset sector. Securitize will provide the tokenization infrastructure, while trading will run around the clock and tokens will be held in self-custodial wallets.
OKXICE venue opens with more than 70 assets
OKXICE said its Tokenized Securities Venue will begin operating on Nov. 23. The service is designed for eligible U.S. customers and will offer continuous trading through the OKX app rather than traditional market hours.
The OKXICE venue is expected to start with more than 70 assets. That group includes securities linked to Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com, as well as 59 exchange-traded funds from Direxion. Strategy is also expected to list its preferred stocks.
OKXICE venue shifts toward crypto companies
The launch roster looks different from the venue’s earlier path. As of a Nov. 5 notice, 67 companies had objected to having their shares traded on the platform, including all members of the so-called Magnificent Seven tech group.
Coinbase, Robinhood and Strategy were not listed among those objectors, and all three are now part of the launch group. Andrew Cuomo, who co-chairs OKXICE, said the SEC’s approach has created an opening for U.S. markets to help shape the next stage of finance.
How the OKXICE venue will operate
Securitize will supply the tokenization system for the platform. According to the announcement, each token represents an entitlement backed one-for-one by a real U.S. share and includes dividends, voting rights and other shareholder benefits.
Trading on the OKXICE venue will use automated market maker pools built on Uniswap v4 on X Layer, OKX’s Ethereum layer-2 network. Customers will keep their holdings in self-custodial wallets. Access is limited to eligible U.S.-based OKX users who activate a CeDeFi Wallet, complete identity checks and finish onboarding with OKXICE.
SEC rules and tokenization backdrop
The venue is operating under the SEC’s innovation exemption introduced in September after the Clarity Act did not advance in the Senate. Under that framework, companies can keep third-party tokenized versions of their stock off a venue by objecting within 30 days.
The OKXICE venue is launching during a broader push into tokenization across Wall Street. DTCC’s new tokenization service, which partly uses the Canton Network, went live in late October. Morgan Stanley also said it was among the first banks to use that service.
Conclusion
The OKXICE venue will begin trading on Nov. 23 with a launch list centered on crypto-linked companies rather than major technology names that objected to being included. More than 70 assets are expected at launch, including shares connected to Coinbase, Circle, Robinhood and Strategy, plus 59 Direxion ETFs. Securitize will handle token creation, with each token backed one-for-one by a real U.S. share and tied to shareholder rights described in the announcement. For eligible U.S. OKX customers, the OKXICE venue represents a new way to access tokenized securities through round-the-clock trading, self-custody and an SEC exemption that currently governs the market.
Disclaimer
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from any company.
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