A newly formed joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has filed with the U.S. Securities and Exchange Commission to launch a blockchain-based platform for trading tokenized versions of U.S. stocks around the. The venture, announced Sunday night, goes by an unusual name: OKXICE.

According to the company, the filing with the Securities and Exchange Commission would allow the platform to list more than 60 stocks and let users buy and sell them with stablecoins—cryptocurrencies designed to maintain a fixed value against the U.S. dollar. Each token would be backed by an underlying share, representing ownership of a real stock rather than simply tracking its price. Trading would run on X Layer, a blockchain linked to OKX, under a new SEC exemption that permits certain regulated on-chain stock trading venues. The around-the-clock setup contrasts with traditional U.S. equity markets, where regular sessions on exchanges such as the NYSE and Nasdaq run from 9:30 a.m. to 4 p.m. Eastern time on weekdays.

The announcement comes roughly three months after Fortune reported that Andrew Cuomo, the former New York governor, would become OKXICE's cochair. In March, ICE announced an investment in OKX at a $25 billion valuation, putting roughly $200 million into the crypto exchange, according to Bloomberg.

"The market never sleeps, so why should trading?" Cuomo told Fortune in a written statement. "Ownership shouldn't have office hours. We've said tokenized securities are part of what comes next, and this filing is a big step toward it."

Tokenizing real-world assets has become one of crypto's biggest draws for traditional finance. The value of tokenized assets has topped $35 billion so far this year, according to a recent report from data analytics platform Dune. Tokenized stocks led that growth, climbing 2,000% as the number of active holders surpassed 1 million. OKXICE's filing would put one of the largest traditional exchange operators at the center of that shift.

A recent SEC order also paved the way for the announcement. In mid-September, the regulator unveiled a five-year program that lets companies offer trading in blockchain-based versions of stocks under a temporary exemption from some of the rules that govern traditional exchanges such as Nasdaq and the NYSE. The agency's exemption came days after the Senate failed to advance the Clarity Act, a bill that would have created a national market structure framework for the crypto industry. OKXICE's filing now moves through the SEC's review process, and because the exemption is temporary, the terms of that five-year framework will shape how the platform operates.

For Cuomo, the venture marks a deeper commitment to OKX. The former governor began advising the exchange in 2023 as it faced a Justice Department investigation into potential anti-money-laundering violations. In February 2025, OKX pleaded guilty and agreed to pay roughly $500 million to resolve the case. The exchange relaunched in the U.S. two months later.

This story was originally featured on Fortune.com.