NYSE Owner and Crypto Exchange OKX Plan 24/7 Trading in 63 US Stocks
By Damian Chmiel
AI summary of the source article
Intercontinental Exchange (ICE) and OKX have detailed plans for OKXICE, a 50-50 joint venture aimed at offering 24/7 trading in 63 US stocks. Operating under a five-year SEC exemption, the venue will let participants trade tokenized shares backed one-for-one by underlying stock from self-custodied wallets against Uniswap v4 pools on the XLayer blockchain. Trades will be paired with USDC, USDG, or USDT stablecoins. Approved participants must pass KYC/AML checks to receive a non-transferable verification token. The venue is exempt from Regulation NMS and will trade stocks including Nvidia, Tesla, SpaceX, and crypto-native firms like Coinbase and Circle.
Why it matters
The venture marks a major step by traditional exchange operators and crypto platforms toward continuous, on-chain equities trading under regulatory relief.
Key facts
- OKXICE is a 50-50 joint venture between Intercontinental Exchange (ICE) and OKX to trade 63 US stocks 24/7.
- Tokens will trade against USDC, USDG, or USDT in Uniswap v4 pools on XLayer and are backed 1:1 by stock held at a broker-dealer.
- The platform operates under a five-year SEC exemption and sits outside Regulation NMS and exchange fair-access rules.