ICE and OKX joint venture seeks SEC approval for 24/7 tokenized U.S. stock trading via Uniswap
AI Market Summary
ICE (NYSE owner) and OKX's OKXICE notified the SEC to launch a 24/7 tokenized U.S. stock venue under the Innovation Exemption, using permissioned Uniswap v4 pools on X Layer with stablecoin settlement. This materially advances regulated onchain market structure, potentially boosting DeFi infrastructure relevance while raising near-term focus on liquidity, price dislocations, and issuer objections under SEC volume and symbol caps.
Impact level
● High
Affected assets
UNI/USDT-1.24%
AI Insight · UNI/USDTAI Insight
▲ Bullish
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Intercontinental Exchange, the owner of the New York Stock Exchange, and OKX’s joint venture OKXICE has notified the U.S. Securities and Exchange Commission that it plans to launch a tokenized securities trading venue under the regulator’s “innovation exemption” framework. The platform would use the Uniswap protocol to enable 24/7 trading in tokenized stocks. The SEC exemption caps Tier 1 venues at 75 securities with a 0.25% prior-month average daily volume limit per stock, and Tier 2 venues at 250 securities with a 2.5% limit. Because the SEC requires at least 30 days’ advance notice, the earliest possible launch would be in early November, according to the filing.
