OKXICE to Launch Tokenized Stock Trading for Coinbase and Circle Shares

OKXICE sets November launch for blockchain stock venue

OKXICE, a joint venture between the crypto exchange OKX and Intercontinental Exchange (ICE), plans to launch a blockchain-based stock trading platform on November 23, 2026. A blockchain is a digital ledger used to record transactions across a network of computers. The new venue will allow users to trade digital versions of stocks and exchange-traded funds (ETFs), which are investment funds that trade on public markets.

The platform will feature more than 70 assets, including shares for Coinbase, Circle, and Strategy. It will also list 59 ETFs from the asset manager Direxion. This launch makes OKXICE the second venue to operate under a five-year experimental program created by the U.S. Securities and Exchange Commission (SEC).

Essential facts about the new platform

• Trading is scheduled to begin on November 23, 2026.
• The platform will offer round-the-clock trading for more than 70 confirmed assets.
• Confirmed companies include Coinbase, Circle, Strategy, Robinhood, BitGo, Securitize, and Better.com.
• Access will be limited to eligible U.S.-based OKX customers who complete identity checks.
• Users will hold their assets in self-custodial wallets, which are digital tools that let individuals control their own private keys and funds.

Official statements on the launch

OKXICE co-chairman Andrew Cuomo stated that the SEC has created an opportunity for American markets to lead in the next era of finance. Douglas Yones, CEO of Direxion, said the move aims to provide investors with precise tools as trading behavior changes.

OKXICE confirmed that it will not hold the assets or private keys of its customers. Instead, trades will take place through automated software on X Layer, which is OKX’s Ethereum layer-2 network. Security infrastructure for the tokens will be provided by Securitize.

Changes to the initial company lineup

The final list of assets is different from what was first proposed. Originally, OKXICE planned to list 62 companies, but 56 of them objected. Major firms like Apple, Microsoft, Nvidia, Amazon, Tesla, and JPMorgan Chase chose not to participate.

Under the SEC framework, companies have 30 days to object if a third party tries to tokenize their shares. Many companies are reportedly cautious about trading outside of the traditional stock market structure rather than being against the technology itself.

Confirmed features of the trading venue

The tokens on the platform represent "security entitlements" to the actual underlying shares. This means that people who own the tokens still have rights to dividends, voting, and other corporate actions. While over 70 assets are confirmed, a spokesperson noted that not all of them will be available for trading on the very first day.

Why 24/7 tokenized trading matters

This platform allows for stock trading at any time of day, unlike traditional stock exchanges that have set hours. By using blockchain technology and automated market makers, the venue can execute trades using pools of assets rather than a traditional order book that matches individual buyers and sellers.

Trading begins later this month

The venue is set to start operations on November 23. Eligible U.S. customers must complete onboarding and identity verification before they can access the platform and trade the available tokenized securities.

Sources

• CoinDesk