OKXICE has filed a public notice with the Securities and Exchange Commission to launch a Tokenized Securities Venue (TSV) covering more than 60 U.S.-listed stocks on a 24/7 onchain basis.

The joint venture between crypto exchange OKX and Intercontinental Exchange, parent of the New York Stock Exchange, submitted the notice under the SEC's Innovation Exemption.

What does the proposed venue do?

The TSV would run continuous trading with no scheduled close, instant settlement at the protocol level, and self-custody for end holders. Each token represents a claim on an underlying U.S. share.

Those three features diverge from the current U.S. equity workflow, where the consolidated tape closes daily, settlement follows a multi-day cycle, and custody sits at a broker-dealer. For execution desks, the open question is whether a TSV order interacts with the same price-discovery mechanism as the primary listing or operates as a separate liquidity pool.

Which stocks are named?

The public notice lists more than 60 issuers. The release highlights NVIDIA, Apple, Palantir and Space X among the names expected to trade on the venue.

Who is behind the filing?

OKXICE combines OKX's blockchain infrastructure with ICE's market-operator capabilities. ICE disclosed a stake in OKX in March, giving the venture a direct link to the parent of the New York Stock Exchange.

Andrew Cuomo, co-chair of OKXICE, framed the filing as a national-placement play. "We have notified the SEC that we intend to launch our Tokenized Securities Venue (TSV) under the SEC's new Innovation Exemption," Cuomo said. "Our notice includes more than 60 companies listed on U.S. stock exchanges."

Cuomo added: "This is a landmark step toward a truly global, 24/7 Wall Street — and toward keeping the future of digital finance anchored here in the United States. The digital asset revolution is already transforming our financial system. Tokenized securities are part of what comes next. And we're just getting started."

OKX founder and CEO Star Xu tied the design to shareholder economics. "The future of markets is real ownership, onchain," Xu said. "Full shareholder rights are what make that possible. This is an important step toward making public markets more open, seamless and always available."

What is the Innovation Exemption?

The Innovation Exemption is an SEC framework that grants qualified platforms conditional relief from certain registration rules while the Commission studies a market segment. Venues operating under it trade within defined pilot parameters until the SEC finalizes permanent rules.

The notice did not include a launch date. The exemption pathway typically requires a public comment period and SEC non-objection before any trading begins. OKXICE has posted a link to the full notice on the OKX site.

Where does this fit in the 24/7 race?

OKXICE enters a crowded queue. NYSE, Nasdaq and the London Stock Exchange have all signaled plans for around-the-clock equity trading. If cleared, the 60-name basket would rank among the larger proposed onchain equity offerings to reach a U.S. filing.

Self-custody removes the prime broker from the middle of the chain but also strips out margin, securities lending and rehypothecation that sell-side desks rely on for liquidity provision.

For buy-side desks, the operational questions are concrete:

• Which tokens carry full legal claim on the underlying share
• How corporate actions, voting and dividend pass-throughs work when the share sits in a self-custody wallet
• What status a token holder holds on a corporate-action record date
• How short-selling, borrow availability and short-interest reporting operate inside a tokenized model

The public notice does not address those points.

What happens next?

The SEC's response to the public notice is the binding milestone. Until then, the TSV is a proposal, not an execution venue, and the listed tickers remain aspirational rather than tradable. The shape of that response will determine whether onchain U.S. equities reach desks as a regulated venue or as a parallel market operating outside the consolidated tape.