OKX and NYSE Parent File With SEC for Tokenized Stock Trading
OKX, a cryptocurrency exchange, has filed with the U.S. Securities and Exchange Commission to launch a platform for trading tokenized versions of U.S. stocks. The filing was made on Sunday, October 4, according to Bloomberg.
The application was submitted by OKXICE LLC, a joint venture between OKX and Intercontinental Exchange Inc., the company that owns the New York Stock Exchange. Under the filing, the venture plans to seek approval to offer tokenized shares of an initial group of 63 public companies.
Tokenization means turning a share of a company into a digital record on a blockchain, a type of ledger that stores transaction data in a way that is hard to alter. Trading such digital versions on a crypto exchange means buyers and sellers would handle them the same way they handle digital assets, rather than through a traditional brokerage account.
What the filing covers
- OKXICE LLC filed with the SEC on Sunday, October 4, to launch a tokenized-stock trading platform.
- The platform would be run by a joint venture between crypto exchange operator OKX and Intercontinental Exchange Inc., the parent company of the New York Stock Exchange.
- The venture plans to seek approval to offer tokenized shares of an initial 63 public companies.
- Named stocks include Nvidia Corp., Apple Inc., Coca-Cola Co., Cisco Systems Inc. and McDonald's Corp.
- Under the SEC's new framework, the companies whose shares would be tokenized have 30 days to opt out before trading can begin.
What Bloomberg reported
Bloomberg reported that OKX is one of the first major crypto exchanges to use the SEC's new rules allowing digital versions of public-company shares to trade on crypto venues. The report did not provide a launch date for the platform, and it did not say whether the SEC has approved the application. The filing marks a request for approval, not an approval.
What is confirmed
Confirmed by Bloomberg: a joint venture called OKXICE LLC filed with the SEC on October 4 to launch a tokenized-stock trading platform. The filing covers an initial set of 63 public companies, and it names Nvidia, Apple, Coca-Cola, Cisco and McDonald's among them. The SEC framework gives each issuer 30 days to opt out before trading starts.
What is still unclear
The supplied material does not say how much of the filing is public, whether the SEC has responded, when or if the platform would start, which specific63 companies are included beyond the five named, or how the tokenized shares would be structured. The article also does not confirm how many other crypto exchanges have made similar filings; it only describes OKX as one of the first.
Why this matters
If approved, the platform would connect two markets that have traditionally been separate: crypto trading venues, which handle digital assets, and U.S. stock exchanges. It would also give major listed companies a direct way to influence whether their shares can be traded as blockchain-based tokens, because they can opt out within the 30-day window. The supplied report does not set out the regulatory reasoning behind the framework, so the wider policy debate is not covered here.
Sources
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.