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OKX and ICE plan tokenized stock platform launch on 23 November
The venture, OKXICE, says more than 70 assets are prepared, including Coinbase and Circle shares and 59 ETFs, under an SEC innovation exemption.
Key takeaways
- OKX and Intercontinental Exchange announced on 11 November that their OKXICE venture will open a tokenized securities trading platform on 23 November 2026.
- More than 70 assets are prepared, including shares of Coinbase, Circle, Strategy, Robinhood, BitGo, Securitize and Better.com, plus 59 Direxion ETFs.
- The platform will run on OKX's X Layer, an Ethereum layer-2 network, with trading through Uniswap v4 liquidity pools and tokenization infrastructure from Securitize.
- According to CoinDesk, 56 of the 62 companies initially targeted objected to their shares being tokenized, and total objections reached 67.
- Access at first is limited to eligible U.S. customers who complete identity verification; tokens are held in users' own wallets and OKXICE says it will not custody assets or private keys.
Launch date and scope
Crypto exchange OKX and Intercontinental Exchange, the parent of the New York Stock Exchange, plan to open their joint tokenized securities platform on 23 November 2026. The companies announced the date on 11 November and said preparations for more than 70 assets are complete.
The list includes shares of crypto-linked public companies: Coinbase, Circle, Strategy, Robinhood, BitGo, Securitize and Better.com. Strategy's common and preferred shares are both planned for the platform. Asset manager Direxion will move 59 exchange-traded funds onto it.
Not all of the 70-plus assets are expected to trade at the opening, the companies said.
How the platform works
OKXICE will run on X Layer, OKX's Ethereum layer-2 network, according to CoinDesk. Trades will go through Uniswap v4 liquidity pools, and Securitize will provide the tokenization infrastructure.
Under the model OKXICE described, tokenized securities represent legal rights linked to the underlying shares, with the aim of preserving investors' rights to dividends, voting and participation in corporate actions.
In the first phase only eligible U.S. customers who have completed identity verification and onboarding can use the platform. Tokens are held in wallets the users control. OKXICE said it will not hold customers' assets or private keys, a different model from centralized custody.
Issuer objections
The launch preparations come as regulators continue to debate tokenized equities. According to CoinDesk, 56 of the 62 companies OKXICE initially targeted objected to their shares being tokenized, and the total number of objections reached 67.
Among the objecting companies were Apple, Microsoft, Nvidia, Amazon, Tesla and JPMorgan Chase. The relevant framework allows share issuers to object to tokenization under certain conditions, and the planned asset list changed as a result.
What is still open
OKXICE has not said which of the prepared assets will trade on 23 November. The platform's operation falls under the U.S. Securities and Exchange Commission's five-year innovation exemption.
Sources
1 reportThis article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
When does the OKXICE platform launch?
OKX and Intercontinental Exchange said on 11 November 2026 that the tokenized securities platform is planned to open on 23 November 2026.
Which assets are planned for the platform?
More than 70 assets are prepared, including shares of Coinbase, Circle, Strategy, Robinhood, BitGo, Securitize and Better.com, and 59 Direxion ETFs. Not all are expected to trade at the opening.
Who can use the platform at first?
Only eligible U.S. customers who have completed identity verification and onboarding, according to OKXICE.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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