OKX and ICE to Launch 24-Hour Tokenized Stock Trading on Nov. 23

OKXICE, the joint venture between crypto exchange OKX and Intercontinental Exchange, will launch its Tokenized Securities Venue on Nov. 23, offering more than 70 digital securities to eligible US investors through the OKX app, OKX said Wednesday.

The initial lineup spans securities from Better.com, BitGo, Circle, Coinbase, Robinhood, Securitize and Strategy, plus 59 Direxion ETFs. Strategy will also list preferred stocks, including products tied to its digital credit offerings.

The venue will trade around the clock under the SEC's Innovation Exemption. Liquidity comes from automated market maker pools built on Uniswap v4, deployed on X Layer, OKX's Ethereum layer-2 network, the company said.

What does 24/7 settlement change?

Tokenized equities compress a market structure built on trading hours and T+1 settlement into continuous, onchain access. Governor Andrew Cuomo, co-chair of OKX-ICE, said the SEC has opened the door for US markets to lead the development of onchain finance. He described the TSV as a compliant platform that lets early adopters bring securities onchain while preserving shareholder rights.

Securitize supplies the tokenization infrastructure. Each token represents a security entitlement backed one-to-one by an underlying US share. Holders receive the applicable economic benefits and shareholder rights, including dividends, voting rights and participation in corporate actions.

Smart contracts will restrict trading and liquidity provision to eligible wallets only. That onchain gating is the operational answer to the compliance question that has stalled similar venues: how to keep tokenized securities out of restricted hands once they live on a public network.

Who gets access at launch?

The venue is not open to everyone. Access is limited to US-based OKX customers who complete onboarding and identity verification, activate a CeDeFi Wallet and meet geographic requirements, the team said.

Strategy CEO Phong Le framed the listing as a distribution play for the company's preferred stock products, such as STRC, which he said offer high yield and deep liquidity. Tokenization lets investors worldwide reach them at any time, seven days a week, he noted.

"Bitcoin is Digital Capital. Strategy's preferred stocks, such as STRC, transform that capital into Digital Credit, with high yield and deep liquidity," Le said in a statement. "Tokenization on the OKXICE TSV is a natural next step toward making Digital Credit accessible to investors around the world, 24 hours a day, seven days a week. The future of capital markets is digital, global, and always on."

Why the ICE partnership matters

For Intercontinental Exchange, operator of the New York Stock Exchange, the venture is a measured step into onchain market infrastructure rather than a standalone crypto bet. For OKX, it puts a regulated securities venue inside its main app, bridging its CeDeFi wallet architecture with traditional equity products.

The Uniswap v4 integration means the venue's liquidity model is familiar AMM mechanics, not a bespoke order book — a choice that trades some depth for composability and faster deployment on X Layer.

The Nov. 23 launch will test whether tokenized equities can move from pilot programs to a live, always-on venue with real retail flow behind it.