Nvidia, Tesla Shares Head for 24/7 Onchain Trading Under OKX and NYSE Owner’s Venture
By Unchained
AI summary of the source article
OKXICE, a 50-50 joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange, has filed notice to launch a 24/7 tokenized equities trading venue under an SEC innovation exemption. The platform plans to list 63 stock tokens, such as Nvidia, Apple, and Tesla, trading against USDC, USDG, or USDT. Trades will settle onchain through permissioned Uniswap v4 pools on OKX's X Layer blockchain, restricted to users holding identity-verified soulbound tokens. Underlying shares will be held one-for-one by an SEC-registered broker-dealer, conferring regular voting and dividend rights. The SEC exemption limits trading volume and caps Tier 1 symbols at 75.
Why it matters
The initiative represents a direct push by major traditional exchange infrastructure and a crypto exchange to bring round-the-clock onchain trading to mainstream equities under SEC regulatory exemptions.
Key facts
- OKXICE plans to offer 63 tokenized stocks trading 24/7 against USDC, USDG, or USDT on the X Layer blockchain.
- Trading operates through permissioned Uniswap v4 pools accessible only to wallets holding verified soulbound tokens.
- The venue operates under a five-year SEC innovation exemption granted on Sept. 17, which caps trading at 0.25% of prior-month average daily volume for Tier 1 stocks.