{"slug": "nyse-owner-and-crypto-exchange-okx-seek-sec-clearance-for-tokenized-u-s-stock", "title": "NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading", "summary": "OKXICE, a joint venture between crypto exchange OKX and NYSE parent company ICE, filed with the Securities and Exchange Commission to launch a blockchain-based platform trading tokenized U.S. stocks around the clock, offering more than 60 stocks purchasable with stablecoins on the XLayer blockchain. Each token would be backed by an underlying share, operating under a new SEC exemption for regulated on-chain stock trading venues unveiled in mid-September as a five-year program. The filing follows ICE's March investment in OKX at a $25 billion valuation, roughly $200 million, and the appointment of former New York governor Andrew Cuomo as OKXICE cochair.", "body_md": "The latest company to pursue tokenized trading in the United States has an unusual name: OKXICE. That mouthful of letters reflects a joint venture between the crypto exchange OKX and ICE, the parent company of the New York Stock Exchange, that was announced Sunday night. According to the company, it has [filed](https://www.okx.com/cdn/assets/files/2610/798CC1267CB56FB2.pdf) with the Securities and Exchange Commission to launch a blockchain-based platform for trading tokenized versions of U.S. stocks around the clock. \n\nThe platform plans to offer more than 60 stocks and to let users buy and sell them with [stablecoins](https://fortune.com/2026/09/30/cloudflare-tool-businesses-ai-agents-stablecoins/?utm_source=search&utm_medium=advanced_search&utm_campaign=search_link_clicks), cryptocurrencies designed to maintain a fixed value against the U.S. dollar. Each token would be backed by an underlying share to represent ownership of a real stock rather than simply tracking its price. Trading would run on XLayer, a blockchain linked to OKX, under a new SEC exemption that allows certain regulated on-chain stock trading venues. \n\nThe news comes roughly three months after *Fortune* [reported](https://fortune.com/2026/06/22/andrew-cuomo-former-governor-new-york-okx-new-york-stock-exchange-ice-joint-venture/) 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](https://www.bloomberg.com/news/articles/2026-03-05/nyse-owner-invests-in-crypto-exchange-at-25-billion-valuation).\n\n“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.”\n\nTokenizing real-world assets has become one of crypto’s biggest draws for traditional finance. The value of tokenized assets topped [$35 billion](https://fortune.com/2026/09/30/new-report-expansion-tokenization-new-styles-investing/) 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 one million.\n\nA 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 rules that govern traditional exchanges such as Nasdaq and the NYSE.\n\nThe agency’s exemption came days after the Senate failed to advance the [CLARITY Act](https://fortune.com/2026/09/14/clarity-act-odds-trump-new-ethics-provisions-crypto-bill/?utm_source=search&utm_medium=suggested_search&utm_campaign=search_link_clicks), a bill that would have created a national market structure framework for the crypto industry.\n\nFor Cuomo, the venture marks a deeper commitment to OKX.\n\nThe 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](https://fortune.com/crypto/2025/04/15/okx-relaunch-us-exchange-wallet-san-jose-california-new-ceo-roshan-robert/) in the U.S. two months later.\n\n*breaks the traditional barrier between audience and newsroom. The show transforms*\n\n**Fortune Daily**\n*Fortune*’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders.\n\n**Watch here.**", "url": "https://wpnews.pro/news/nyse-owner-and-crypto-exchange-okx-seek-sec-clearance-for-tokenized-u-s-stock", "canonical_source": "https://fortune.com/2026/10/05/nyse-owner-crypto-exchange-okx-sec-clearance-tokenized-stock-trading/", "published_at": "2026-10-05 17:24:26+00:00", "updated_at": "2026-10-05 17:46:29.110243+00:00", "lang": "en", "topics": ["ai-policy"], "entities": ["OKXICE", "OKX", "ICE", "New York Stock Exchange", "Securities and Exchange Commission", "Andrew Cuomo", "XLayer", "CLARITY Act"], "also_reported_by": [], "alternates": {"html": "https://wpnews.pro/news/nyse-owner-and-crypto-exchange-okx-seek-sec-clearance-for-tokenized-u-s-stock", "markdown": "https://wpnews.pro/news/nyse-owner-and-crypto-exchange-okx-seek-sec-clearance-for-tokenized-u-s-stock.md", "text": "https://wpnews.pro/news/nyse-owner-and-crypto-exchange-okx-seek-sec-clearance-for-tokenized-u-s-stock.txt", "jsonld": "https://wpnews.pro/news/nyse-owner-and-crypto-exchange-okx-seek-sec-clearance-for-tokenized-u-s-stock.jsonld"}}