OKX joint venture files with SEC to launch tokenized trading platform

SINGAPORE, Oct 5 (Reuters) – OKXICE, the joint venture between crypto exchange ​OKX and Intercontinental Exchange (ICE.N), filed with ‌the Securities and Exchange Commission on Sunday to launch a tokenized securities platform ​for around-the-clock trading of US ​stocks.

• More than 60 listed companies will ⁠be available for around-the-clock trading throughout ​the week, according to the filing,
• “This is ​a landmark step toward a truly global, 24/7 Wall Street,” said former New York Governor Andrew ​Cuomo, who is co-chair of OKXICE, in ​a post, on the X social media platform
• The ‌SEC ⁠unveiled an exemption last month allowing companies to offer trading in blockchain-based or “tokenized” stocks and other securities. The move came two days ​after comprehensive ​cryptocurrency ⁠legislation backed by US President Donald Trump failed to advance in ​the Senate
• Global exchanges including the NYSE, Nasdaq ​and ⁠the London Stock Exchange are preparing to launch round-the-clock trading in the ⁠coming ​months
• Prediction markets’ push into ​US stock trading has recently raised regulatory concerns

Reporting by ​Gregor Stuart Hunter; Editing by Priyanka G