Nvidia and Tesla shares currently trade only on weekdays, 9:30 a.m. to 4 p.m. New York time — that might not last. A joint venture between crypto exchange OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, has filed a notice with the US Securities and Exchange Commission to launch a venue for trading tokenized stocks. A public filing dated October 4 lists 63 tickers, from Nvidia, Apple, Microsoft and Tesla to crypto firms Coinbase, Strategy, Circle and Bitgo.
The venture is called OKXICE. It was formed in June and is co-chaired by former New York governor Andrew Cuomo. The platform relies on the SEC's innovation exemption, issued September 17 — a temporary, five-year allowance for qualifying venues to trade tokenized US stocks through automated market makers and liquidity pools. According to Cointelegraph, the tokens would carry the same rights as ordinary shares, including dividends and voting at shareholder meetings. CoinDesk adds a technical detail: trades would run through permissioned Uniswap v4 pools on the XLayer network, with tokenized shares paired against the stablecoins USDC, USDG and USDT.
The real departure from a normal exchange is the clock. If approved, buying a token tied to Apple or Tesla could happen on a Saturday night or a holiday, when Wall Street is shut, with settlement faster than through a traditional broker. For OKX, it's a way into the regulated US market without holding its own broker-dealer license — ICE, as NYSE's co-owner, carries the regulatory weight of the deal.
Cuomo isn't shy about the pitch: "the digital asset revolution is already transforming our financial system, tokenized securities are part of what comes next," he said, adding the team is "just getting started." Nothing is final yet. The 63 companies on the list have 30 days to object to having their shares tokenized, and the SEC can still request changes. A similar push involving NYSE and Blockchain.com surfaced just a week earlier, so OKXICE isn't the only contender chasing this format.
If several major venues end up with rights to trade the same stocks on-chain at the same time, the fight stops being about whether tokenization is legal and becomes about who can pull in enough liquidity first to keep the token's price from drifting away from the stock's.
