OKXICE, the joint venture between crypto exchange OKX and NYSE owner Intercontinental Exchange (ICE), has formally notified the U.S. Securities and Exchange Commission that it intends to launch a round-the-clock trading venue for tokenized versions of U.S.-listed stocks. Andrew Cuomo, the venture's co-chair, announced the filing in a post on X on Monday.

The venture published a notice dated October 4 stating that it will operate under the SEC's Innovation Exemption, which since September 17 has allowed qualifying venues to trade tokenized stocks without registering as exchanges. According to the notice, OKXICE will operate 24 hours a day, seven days a week, offering tokenized versions of more than 60 U.S.-listed stocks. U.S. exchanges trade only during regular weekday sessions, so a 24/7 venue would extend trading in these stocks into nights and weekends.

Today we are announcing a major step forward for OKXICE, the joint venture between @okx and Intercontinental Exchange, parent company of @NYSE : OKXICE has notified the SEC that we intend to launch our Tokenized Securities Venue (TSV) under the SEC’s new Innovation Exemption.…

— Andrew Cuomo (@andrewcuomo) October 5, 2026

The SEC does not approve venues individually: a firm that meets the exemption's conditions notifies the agency and may then operate under it, subject to those conditions.

Cuomo, a former New York governor, called the filing “a landmark step toward a truly global, 24/7 Wall Street.”

The notice lists Nvidia, Tesla, Apple, Microsoft and SpaceX, alongside crypto-linked firms Coinbase, Circle, Strategy, Robinhood, BitGo and Securitize. Each tokenized stock will trade in a pair with one of three dollar-pegged stablecoins: USDC, USDG or Tether's USDT.

In June, an OKX spokesperson told Fortune that the venture would focus on tokenizing NYSE-listed equities. Nvidia, Tesla, Apple and Microsoft all list on the Nasdaq.

Issuer objection

Chipmaker Cerebras Systems has already lodged a notice of issuer objection with the venture, according to the filing. The framework allows third parties to tokenize a company's shares without the issuer's involvement, but it requires a venue to notify the affected company and give it 30 days to object. If the issuer formally objects, the tokens cannot trade on that venue. Cerebras does not appear on the notice's list of available tokens.

The OKXICE venue

Trades will run through permissioned Uniswap v4 liquidity pools deployed on XLayer, a layer-2 blockchain, with a custom smart contract screening every transaction. Access is restricted: only wallets holding a non-transferable soulbound token—issued after identity, anti-money laundering and sanctions checks conducted by OKX's U.S. entity—can trade on the venue or supply liquidity to its pools. In effect, the design pairs automated market maker mechanics familiar from decentralized finance with the identity and screening checks more typical of regulated brokerages.

The notice cautions that tokenized prices, determined solely by the pools, may diverge from the prices of the underlying shares, particularly outside regular U.S. exchange hours.

The tokens themselves come from an unaffiliated third party, identified in the filing only as “the Tokenizer,” which holds the underlying shares one-for-one through a registered broker-dealer. The notice does not name the firm. According to the filing, token holders are entitled to the same dividends and voting rights as ordinary shareholders of the underlying stock.

Background

ICE and OKX formed the 50-50 venture in June, three months after ICE took a minority stake in OKX at a $25 billion valuation. The two companies had already brought crypto-native perpetual futures for oil to market for non-U.S. customers. Cuomo, who also served as New York's attorney general, has worked with OKX since 2023.

The SEC issued the Innovation Exemption on September 17, months after Chair Paul Atkins walked back a January target date following pushback from Wall Street groups, and days after the Clarity Act failed to advance in the Senate.

Atkins said the SEC was acting “within its statutory authority,” and officials described the exemption as a temporary bridge toward permanent rulemaking.

The exemption “could put DeFi trading platforms and liquidity pools in much more direct competition with traditional exchanges,” Chris Hayes, executive director of the Coalition for Tokenized Markets, told Crypto in America at the time.

The notice gives no launch date. Under the framework's 30-day objection window, further issuer objections beyond Cerebras remain possible, and the Tokenizer's identity has yet to be disclosed.