Tokenized Securities Platform Step from OKXICE

OKX exchange and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, are preparing to take their first big steps through the joint company OKXICE, which they established in June. This company aims to operate as a tokenized securities transaction platform in the coming period.

Within the scope of “innovation exemption”…

OKXICE stated in its application that this request was made within the scope of the "innovation exemption" rules that the SEC initiated this year. If the platform receives the necessary permissions, tokenized versions of 63 shares will be available here and traded 24 hours a day, 7 days a week. There will be real shares behind each token.

After Clarity Act rejection…

As you may remember, the US Securities and Exchange Commission (SEC) implemented a new set of regulatory rules called "innovation exemption" on September 17. This step, which came immediately after the rejection of the Clarity Act, also made a splash in the traditional finance world. This set of rules, which provides convenience for many crypto and technology companies through some exemptions, will be valid for a temporary period of 5 years.

Along with these; Companies that object to OKXICE's share tokenization have a 30-day objection period.

It is known that the tokenization activities of the OKX exchange continue outside the USA, but this is currently still prohibited within the borders of the USA. It is known that Coinbase and Robinhood also have intense demands in this regard.