OKXICE, the joint venture between OKX and NYSE owner Intercontinental Exchange, will open its tokenized securities venue on Nov. 23 with more than 70 assets. The launch lineup includes 59 Direxion ETFs and shares from Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize, and Better.com. This roster stands in stark contrast to the initial expectations, as 67 companies, including every member of the "Magnificent Seven" tech giants, had objected to having their shares traded on the platform as of Nov. 5.
A crypto-centric launch roster
The venue’s issuer list is clearly dominated by firms that operate within the digital asset ecosystem rather than traditional corporate America. Strategy will also list its preferred stocks, a move CEO Phong Le called "a natural next step" for the company’s preferred stocks, such as STRC. Access is strictly limited to eligible U.S.-based OKX customers who activate a CeDeFi Wallet, pass identity verification, and complete onboarding with OKXICE. The venue operates under the SEC’s innovation exemption, which the agency unveiled in September after the Clarity Act failed to advance in the Senate. Under this framework, companies can keep third-party tokenized versions of their stock off a given venue by objecting within 30 days.
Mechanics and market context
Securitize provides the tokenization infrastructure, ensuring each token represents an entitlement backed one-for-one by a real U.S. share carrying dividends, voting rights, and other shareholder benefits. Trading runs through automated market maker pools built on Uniswap v4 on X Layer, OKX’s Ethereum layer-2 network, where customers hold their tokens in self-custodial wallets. Former New York Gov. Andrew Cuomo, who co-chairs OKXICE, stated that the SEC has created a real opening for American markets to lead the next era of finance. This launch caps a busy stretch for Wall Street tokenization, following DTCC’s new tokenization service going live in late October, with Morgan Stanley reporting it was among the first banks to use it.
