OKX-ICE Tokenized Stock Venue Sets Launch, Turning to Crypto Companies After Big Tech Opts Out

After weeks of rejections from corporate America, OKX and ICE’s tokenized stock venue has found its launch lineup: crypto’s own public companies.

OKXICE said Wednesday that its Tokenized Securities Venue will open Nov. 23, letting eligible U.S. customers trade tokenized securities around the clock in the OKX app.

More than 70 assets are expected to be listed, including securities from Coinbase, Circle, Robinhood, Strategy, BitGo, Securitize and Better.com, plus 59 ETFs from Direxion. Strategy will also list its preferred stocks.

That’s a very different roster from the one the venue started with. As of its Nov. 5 notice, 67 companies, including every member of the “Magnificent Seven” tech giants, had objected to having their shares traded on the platform. Coinbase, Robinhood and Strategy were notably absent from that list, and all three are now among the venue’s launch issuers.

“The SEC has created a real opening for American markets to lead the next era of finance,” said former New York Gov. Andrew Cuomo, who co-chairs OKXICE, a joint venture between OKX and NYSE owner Intercontinental Exchange.

Securitize will provide the tokenization infrastructure. Each token represents an entitlement backed one-for-one by a real U.S. share, carrying dividends, voting rights and other shareholder benefits, according to the announcement.

Trading will run through automated market maker pools built on Uniswap v4 on X Layer, OKX’s Ethereum layer-2 network, and customers will hold their tokens in self-custodial wallets.

Strategy CEO Phong Le called tokenization on the venue “a natural next step” for the company’s preferred stocks, such as STRC.

Access is 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 the exemption, companies can keep third-party tokenized versions of their stock off a given venue by objecting within 30 days.