NYSE Owner and OKX Plan 24/7 Tokenized Stocks on Uniswap v4
Intercontinental Exchange (ICE), owner of the New York Stock Exchange, and crypto exchange OKX plan a 50–50 joint venture to run a 24/7 venue for tokenized U.S. stocks, according to a source article describing a filing the companies submitted to the U.S. Securities and Exchange Commission (SEC).
What the filing says, per the source
The venture, dubbed OKXICE LLC and organized in Texas, would operate a Tokenized Securities Venue (TSV) under an SEC “Innovation Exemption,” the source reports. The proposal says OKXICE will be owned 50% by ICE and 50% by OKC USA Holding Inc., according to the article.
DeFi rails, no order book
Instead of a traditional order book, trades would route through permissioned Uniswap v4 liquidity pools on OKX’s Ethereum Layer 2 network, X Layer, with a custom smart‑contract “hook” for transaction quality checks, the source says. Trading would run continuously, seven days a week, and tokenized stocks would trade against stablecoins including USDT, USDC, and USDG, per the article.
How the tokens are backed
The source states that an unnamed third party referred to as “the Tokenizer” would hold underlying shares one‑for‑one via an SEC‑registered, FINRA‑member broker‑dealer. ICE, OKX, and OKXICE would not issue the crypto assets themselves, according to the report.
Scope and a public pitch
Former New York Governor Andrew Cuomo, identified by the source as a co‑chair of the venture, is quoted as writing on X that “our notice includes more than 60 companies listed on U.S. stock exchanges,” calling it “a landmark step toward a truly global, 24/7 Wall Street—and toward keeping the future of digital finance anchored here in the United States.” He also wrote, “Tokenized securities are part of what comes next. And we’re just getting started,” according to the article.
Regulatory backdrop, per the source
The article says that last month the SEC allowed certain venues to trade tokenized stocks without registering as full exchanges. It also notes that the Commodity Futures Trading Commission (CFTC) unveiled a proposed U.S. crypto market framework and opened a 60‑day public comment period.