NYSE owner Intercontinental Exchange (ICE) and crypto exchange OKX have jointly notified the U.S. Securities and Exchange Commission about a planned trading venue that would let investors buy
NYSE owner Intercontinental Exchange (ICE) and crypto exchange OKX have jointly notified the U.S. Securities and Exchange Commission about a planned trading venue that would let investors buy and sell 63 tokenized U.S. securities around the clock, every day of the week.
Tokenization means converting ownership of a traditional security, like a stock, into a digital token stored on a blockchain. The token represents the same underlying asset but can move and trade like cryptocurrency, without the restrictions of conventional market hours. For related coverage, see Polymarket to Challenge Dutch Gambling Ban.
Intercontinental Exchange, the company that owns the New York Stock Exchange, and OKX, a major international crypto exchange, filed the notice together. The document describes a planned venue, not a live market. It is a required step before any such platform could open to the public.
The SEC has not approved the proposal. The Securities and Exchange Commission oversees U.S. securities markets and must review any venue that plans to trade regulated instruments. Tokenized stocks are still securities, so the proposal falls squarely under SEC jurisdiction. Regulatory reviews for securities venues typically take months.
For a closer look at the regulatory filing itself, the OKX and ICE SEC approval coverage provides additional background on how the two companies structured their joint approach.
The proposal covers exactly 63 tokenized U.S. securities. Each one would be a digital-token version of an existing U.S. security, meaning investors would hold a blockchain-based representation of the underlying asset rather than a traditional share.
The notice does not guarantee that all 63 instruments will launch, or that any will. The SEC could request changes, impose conditions, or decline the proposal. The 63-asset figure defines the scope of what ICE and OKX are seeking approval for, not what has been cleared to trade.
Traditional U.S. stock markets operate roughly 9:30 a.m. to 4:00 p.m. Eastern time on weekdays and close on weekends and public holidays. A 24/7 venue would let investors in different time zones trade U.S. securities at times that suit them, not just when Wall Street is open.
Continuous trading could also reduce the price gaps that open when markets reopen after major news breaks overnight. Investors currently cannot react until the next session begins. The SEC will need to assess how to supervise liquidity and investor protection across non-traditional hours, all of which are active areas of regulatory debate. Broader questions about federal oversight of crypto and digital asset exchanges are running in parallel as regulators update their frameworks.
For everyday investors, nothing changes right now. This is an early-stage proposal. If the SEC approves the venue and it launches, it could eventually offer retail investors more flexible access to familiar U.S. stocks in tokenized form. Similar discussions about how tokenized and digital assets get regulated, including ongoing debates over stablecoin reserve rules in Europe, show how complex these frameworks tend to become before they reach consumers.
Anyone holding or considering digital assets should also note that tokenized securities would likely carry their own tax reporting requirements. The October 15 crypto tax extension deadline is a reminder that the IRS already treats digital asset gains seriously, and tokenized stocks would be expected to follow similar rules once any venue goes live.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always conduct your own research before making any investment decisions.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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