Key facts
- OKXICE said the venue will list more than 70 assets, including 59 Direxion ETFs, when it opens on November 23.
- Launch issuers include Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com, the venture said.
- As of its November 5 notice, 67 companies including every "Magnificent Seven" tech giant had objected to their shares trading on the platform.
- Securitize will provide tokenization, with each token backed one-for-one by a real U.S. share, according to the announcement.
- Trading will run through automated market maker pools on Uniswap v4 on X Layer, OKX's Ethereum layer-2 network, the venture said.
OKXICE, the joint venture between crypto exchange OKX and NYSE owner Intercontinental Exchange, said on November 11 that its Tokenized Securities Venue will open on November 23. Eligible U.S. OKX customers will be able to trade tokenized securities around the clock in the OKX app, the venture said.
More than 70 assets are expected to be listed, including securities from Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com, plus 59 ETFs from Direxion. Strategy will also list its preferred stocks. The roster differs from the one the venue started with: as of its November 5 notice, 67 companies, including every member of the "Magnificent Seven" tech giants, had objected to having their shares traded on the platform. Coinbase, Robinhood and Strategy were absent from that list.
"The SEC has created a real opening for American markets to lead the next era of finance," said former New York Gov. Andrew Cuomo, who co-chairs OKXICE.
Securitize will provide the tokenization infrastructure. Each token represents an entitlement backed one-for-one by a real U.S. share, carrying dividends, voting rights and other shareholder benefits, according to the announcement. Trading will run through automated market maker pools built on Uniswap v4 on X Layer, OKX's Ethereum layer-2 network, and customers will hold their tokens in self-custodial wallets.
Strategy CEO Phong Le called tokenization on the venue "a natural next step" for the company's preferred stocks, such as STRC. Access is limited to eligible U.S.-based OKX customers who activate a CeDeFi Wallet, pass identity verification and complete onboarding with OKXICE.