# NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading > Source: > Published: 2026-10-05 17:24:26+00:00 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.  The 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.  The 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). “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 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. 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 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](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. 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](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. *breaks the traditional barrier between audience and newsroom. The show transforms* **Fortune Daily** *Fortune*’s trusted reporting into actionable, conversational, and entertaining insights for an emerging class of business leaders. **Watch here.**