Grab EXTRA 10% OFF all Tangem products. Till Oct 25OKX expands tokenized stock trading, seeks SEC approval
6.6 Regulation OKX launches 24/7 tokenized stock trading and seeks SEC approval to offer tokenized shares of 63 NYSE-listed firms, aiming to boost accessibility and comply with US regulations.
OKX has introduced 24/7 trading for tokenized stocks and ETFs, aiming to enhance market accessibility and attract traders seeking portfolio diversification. This move is part of a broader strategy to bridge traditional finance and blockchain technology. In partnership with Intercontinental Exchange, OKX—through its joint venture OKXICE—has filed with the US Securities and Exchange Commission (SEC) to launch a platform offering tokenized shares of 63 NYSE-listed companies. The SEC mandates that these tokenized stocks preserve key shareholder rights, and issuers have a 30-day window to object before trading begins. Currently, OKX offers tokenized stocks offshore, but these do not grant direct shareholder rights. The proposed US platform would comply with the SEC’s Innovation Exemption framework and is pending regulatory approval. This initiative could increase accessibility and liquidity for investors, marking a significant step toward integrating equities with blockchain. OKX’s existing tokenized stock products are synthetic and unavailable to US and EU users, offering price exposure without ownership rights.
