Joint venture of OKX and NYSE parent ICE files for 24/7 tokenized U.S. stock trading
A joint venture between OKX and ICE plans to launch 24/7 trading in tokenized U.S. stocks under the SEC’s new innovation exemption. The filing creates a regulated-market test for round-the-clock equity access, linking crypto infrastructure with ICE’s exchange and clearing ecosystem.
OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange, the parent of the NYSE, filed plans to launch tokenized U.S. stocks. The proposed service would operate around the clock and rely on the SEC’s new innovation exemption, according to CoinDesk’s report dated October 5, 2026.
The proposal comes as financial-market operators explore ways to represent traditional securities on blockchain infrastructure. Its defining change is the proposed trading schedule: tokenized versions of U.S. stocks would be available 24/7 rather than only during conventional exchange hours.
For ICE, the connection is to its existing exchange and market-infrastructure business, which generated $12.6B of revenue in FY 2025 and reported a 26.2% net margin. OKX brings the crypto-market operating model to the venture; the filing places the project at the intersection of digital-asset trading and U.S. securities regulation.
The SEC exemption is central to the proposal, but the launch still depends on the regulatory framework and the venture’s implementation. The filing describes a plan rather than an operating service, so the timing of launch and the eventual scope of eligible stocks remain open.
The next milestones are the SEC’s treatment of the filing, any further regulatory conditions and the venture’s launch timetable. Details on custody, settlement, eligible securities and how continuous trading would connect to the underlying U.S. stock market will determine how closely the product resembles existing equity-market infrastructure.
OKXICE filed to launch 24/7 tokenized U.S. stock trading under the SEC’s innovation exemption.
The project could extend ICE’s exchange and market-infrastructure reach into tokenized equities, but the regulatory path and commercial launch remain unresolved. ICE’s FY 2025 revenue was $12.6B with a 26.2% net margin, giving the venture a sizable incumbent platform while leaving its near-term financial contribution indeterminate.
The proposal could stall or face conditions under the SEC’s innovation exemption, delaying any contribution to ICE’s results.
CoverageSource: CoinDesk · Published here MON, OCT 5 · 12:45 AM ET · the only report in this recordHow this is decided →
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ICE’s exchange infrastructure and OKX’s crypto-market expertise could create a new 24/7 distribution channel for U.S. equities.
The bear case is that regulatory conditions, custody and settlement requirements make the proposed market difficult to launch or scale beyond a limited experiment.
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