OKXICE is pressing ahead with the launch of its tokenized securities venue despite recent campaigns by major Wall Street firms against the initiative. In a release on Wednesday, the company said the platform will go live on November 23, making it one of the first venues to trade on-chain versions of US stocks under a new exemption from the US Securities and Exchange Commission (SEC).

The exemption allows the venue, known as the Tokenized Securities Venue (TSV), to trade tokenized shares of US-listed companies without registering as an exchange. It is, however, a five-year order that expires in September 2031, meaning the venue operates on a defined regulatory clock rather than under a permanent registration.

OKX confirmed the launch date in a post on X:

Real shares, backed 1:1, held in your own wallet and tradeable 24/7. The OKXICE Tokenized Securities Venue is bringing America's capital markets onchain on November 23. Read the full blog: pic.twitter.com/VLXXSn9qiw

— OKX (@okx), November 11, 2026

"The SEC has created a real opening for American markets to lead the next era of finance," said Governor Andrew M. Cuomo, Co-Chair of OKXICE, adding: "The future of finance is onchain, and we have an opportunity to build it here in America."

Launch proceeds despite Wall Street objections

OKXICE is a 50-50 joint initiative co-owned by crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange. The launch comes against a wall of objections, particularly from Wall Street.

Under the exemption, any company can stop a third-party venue from tokenizing its shares by filing a written objection within 30 days of being notified. A failure to respond is treated as agreement, and any such block applies only to the venue that sent the notice — meaning an issuer that blocks OKXICE is blocking that venue alone, not tokenized versions of its shares on other platforms.

By the November 5 filing, 67 companies had opted out, among them Meta Platforms, Tesla, Netflix, Costco and Home Depot, Cryptopolitan reported. That tally reflects a snapshot as of the filing date, since each company's 30-day window runs from the date it was notified.

A spokesperson for fiber-optic maker Applied Optoelectronics told the Wall Street Journal that the company opted out over concerns about how tokenization could affect its share price, liquidity and volatility, as well as the potential for investor confusion about its role.

Nasdaq, which is developing its own tokenization project with Kraken, has gone further by criticizing the exemption outright. Chief Legal and Regulatory Officer John Zecca said the company will "opt its own stock out of Tokenized Securities Venues."

More than 70 assets at launch

Despite the pushback, OKXICE is expected to go live with more than 70 assets already confirmed, according to OKX. These include assets from crypto firms such as BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy — firms that have opted to let OKXICE tokenize their shares. Set beside the 67 opt-outs, the confirmed list offers an early picture of how US-listed companies are dividing over tokenized equities under the exemption, with each issuer's position settled by whether it files an objection inside its own 30-day window. OKX said eligible consumers will be able to trade supported assets around the clock. With the November 23 debut sitting between the November 5 opt-out tally and the exemption's September 2031 expiry, updates to the asset list and the opt-out count in the run-up to launch are the immediate data points to track.

The full announcement is available on OKX's official blog.