OKX and ICE Launch Tokenized Stock Trading on November 23
OKXICE platform debuts with SEC exemption despite corporate pushback and liquidity warnings
Cryptocurrency exchange OKX and the Intercontinental Exchange will begin trading tokenized stocks on November 23. The OKXICE project operates under a temporary innovation exemption granted by the SEC. This initiative allows qualified clients in the United States to execute trades around the clock.
The asset list includes over 70 options such as exchange-traded funds and shares from companies like Coinbase and Robinhood. The total value of these blockchain assets reached 3.88 billion dollars on November 11. This figure represents a 13.4 percent growth compared to the previous month.
The launch faces opposition from 67 companies including JPMorgan Chase, McDonald’s, and Coca-Cola. These firms expressed resistance against the listing of their shares without a direct link. Nasdaq also voiced concerns regarding the fragmentation of liquidity across disconnected platforms.
International Monetary Fund studies suggest that tokenized stocks exhibit 1.5 times more volatility than the traditional market. The organization warned that integrating trading and settlement on the blockchain could eliminate important safeguards. The use of leverage and the connection between markets may increase the risk of financial contagion.
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