OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), are preparing to launch round-the-clock trading of tokenized U.S. securities on November 23 through their joint venture, OKXICE. According to information shared by Coin Bureau on X, the platform is expected to offer access to more than 70 assets, including securities linked to Coinbase, Circle, Robinhood and Strategy, alongside 59 Direxion exchange-traded funds (ETFs).

The planned launch will introduce a continuous trading venue for tokenized securities, enabling eligible participants to trade digital representations of traditional financial assets through onchain infrastructure. The initiative is set to operate under the U.S. Securities and Exchange Commission's (SEC) Innovation Exemption, a regulatory pathway that provides for permissioned onchain trading of digital securities.

More Than 70 Tokenized Assets Planned for the Initial Lineup

The initial offering is expected to span more than 70 assets, covering securities associated with several prominent publicly traded companies as well as a collection of investment products. Among the named companies are Coinbase, Circle, Robinhood and Strategy.

In addition to the company-linked securities, the platform will include 59 Direxion ETFs, extending the planned selection beyond individual company stocks. The combination of single-company securities and ETFs gives the joint venture a broader initial asset lineup, although the source has not provided a complete list of all expected assets or additional details about the specific trading conditions for each instrument — details that remain to be confirmed as the November 23 start date approaches.

Operations are scheduled to begin on November 23, with 24-hour, seven-day trading availability forming a central part of the offering. Unlike conventional securities markets that operate within established trading sessions, the proposed service is designed to support continuous trading. In practice, that design would allow eligible participants to open or close tokenized securities positions at any hour, rather than waiting for a trading session to begin.

SEC Innovation Exemption Provides the Regulatory Framework

A key element of the planned launch is its use of the SEC's Innovation Exemption. According to Coin Bureau, the exemption provides a pathway for permissioned onchain trading of digital securities.

This framework is central to the platform's structure, as the securities will be traded through an onchain system while operating within a permissioned environment. The use of an SEC Innovation Exemption also distinguishes the initiative from an unrestricted digital asset trading platform: the planned service is specifically focused on tokenized U.S. securities and is intended to operate under the regulatory pathway identified in the announcement.

OKXICE Brings Crypto Infrastructure and Traditional Securities Together

The joint venture pairs OKX, a cryptocurrency exchange, with ICE, the organization that owns the New York Stock Exchange. Their collaboration focuses on bringing traditional securities into a tokenized trading environment. The pairing places the company behind the NYSE and a crypto trading platform inside a single venture, with the stated aim of making U.S. securities available onchain around the clock.

For the initial rollout, OKXICE is expected to cover more than 70 assets, including securities linked to Coinbase, Circle, Robinhood and Strategy, as well as 59 Direxion ETFs. According to Coin Bureau, the venture is targeting November 23 to introduce 24/7 tokenized U.S. securities trading under the SEC's Innovation Exemption.

Source: Hokanews