Tokenized stock trading launches in the US with crypto companies after big tech said no

OKXICE, a joint venture between crypto exchange OKX and NYSE parent Intercontinental Exchange (ICE), is set to launch its tokenized securities trading platform on November 23. The platform will offer over 70 assets, including stocks of major crypto-friendly public companies like Coinbase, Circle, and Robinhood, plus 59 ETFs from Direxion—all tokenized by Securitize with each token backed one-for-one by a real share. Notably absent are the 'Magnificent Seven' tech giants like Apple and Microsoft, which had previously objected to being listed.

Eligible U.S.-based OKX customers will be able to trade these tokenized securities 24/7 through automated market maker pools on Uniswap v4, hosted on OKX's Ethereum layer-2 network X Layer. The launch represents a pivot toward crypto-native issuers after traditional corporate giants opted out, operating under an SEC innovation exemption. This marks a significant step in bringing regulated, on-chain trading of real-world assets to mainstream crypto investors.