OKX and ICE File With SEC to Tokenize 63 NYSE-Listed Stocks

OKX and ICE file with the SEC to offer tokenized shares of 63 NYSE-listed companies through their OKXICE joint venture

Crypto exchange OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange (NYSE), have filed with the U.S. Securities and Exchange Commission to bring 63 NYSE-listed stocks onto blockchain infrastructure, according to a report by Bloomberg cited by Coin Bureau.

The proposed initiative would be pursued through their joint venture, OKXICE, which aims to offer tokenized shares of companies listed on the NYSE. The filing marks a step toward expanding blockchain-based access to traditional equities through a partnership involving a major cryptocurrency exchange and a leading financial market operator.

Under the reported proposal, companies would have 30 days to opt out before trading in their tokenized shares could begin.

OKX and ICE Move Forward With Tokenized Equities

The planned offering covers 63 stocks listed on the NYSE, one of the world's major equity markets. Rather than representing a new class of publicly listed companies, the initiative would bring tokenized versions of existing listed shares into a blockchain-based trading environment.

OKXICE is the joint venture established by OKX and ICE for the initiative, according to the information reported by Bloomberg. The filing seeks to establish a regulatory path for offering the tokenized shares.

The proposal links OKX's cryptocurrency trading infrastructure with ICE's position as the owner of the NYSE. The two companies are seeking to introduce blockchain-based representations of traditional equities under the applicable U.S. regulatory framework.

The filing does not, by itself, establish that trading has begun. The reported plan remains subject to the relevant regulatory process and the proposed opt-out period for participating companies.

Companies Would Have 30 Days to Opt Out

A key element of the proposal is a 30-day period during which companies would be able to opt out before trading in their tokenized shares could begin.

This provision gives the companies whose stocks are included in financial the initiative an opportunity to decline participation before the proposed trading phase starts.

The opt-out mechanism is a central detail in the reported rollout process. The available information does not specify the exact start date for the period or identify the 63 companies included in the filing.

Further details about the proposed launch, including the participating stocks and the timing of any eventual trading, were not provided in the X post.

Tokenized Stocks Enter a New Regulatory Phase

Coin Bureau characterized the filing as one of the first efforts by a major cryptocurrency exchange to use the SEC's new rules for trading tokenized stocks, citing Bloomberg's reporting.

Tokenized equities represent shares or share-related interests through blockchain-based instruments. Their regulatory treatment and the rights attached to each instrument depend on the structure of the offering and the applicable legal framework.

For the OKX and ICE initiative, the immediate development is the filing itself, rather than confirmation that the proposed products are already available to investors. The SEC process and the 30-day opt-out period remain important steps before trading can begin under the reported plan.

The next milestones are the regulatory process, disclosure of the 63 NYSE-listed companies covered by the proposal, and the start of the opt-out period that would precede potential trading.

Writer: Victoria Hale
Technology & Blockchain Writer

Victoria Hale writes about blockchain technology, digital infrastructure, and the intersection of emerging technologies with finance. Her articles explore how new protocols and systems are shaping the evolving digital economy.

She prioritises clarity and accuracy when explaining technical developments to a general audience.