ICE and OKX Launch Round-the-Clock Tokenized Stock Trading
- ICE and OKX are launching a joint venture, OKXICE, to offer tokenized stocks for over 60 U.S.-listed companies.
- The trading platform will operate continuously, settling trades through Uniswap v4 liquidity pools on the Ethereum Layer2 network, X Layer.
- Each tokenized stock will be backed one-to-one by real shares held through a FINRA-member broker-dealer.
- OKXICE’s platform will not host an order book but will trade against stablecoins like USDT, USDC, and USDG.
- The SEC has allowed certain venues to trade these tokens without registering as full exchanges.
This initiative marks a significant step in integrating digital finance with traditional markets by enabling continuous access to tokenized stocks for investors globally.
With ICE and OKX spearheading this effort, the financial landscape is poised for transformation as it embraces the potential of tokenized securities offering round-the-clock trading capabilities. Source
