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OKXICE files SEC notice for tokenized stock venue

OKXICE filed a notice outlining permissioned, on-chain trading of more than 60 US stocks, but the SEC says its exemption does not amount to registration.

BitCurrent Newsroom2 min read

OKXICE files SEC notice for tokenized stock venue

As US regulators make room for limited on-chain securities trading, OKXICE filed a public notice with the SEC on Oct. 4 describing a planned venue for tokenized US stocks. The OKX and Intercontinental Exchange joint venture says it would allow approved users to trade around the clock.

  • Notice dated Oct. 4, 2026
  • More than 60 US stocks proposed
  • Trading pools planned on XLayer

The OKXICE public notice says the venue would make tokenized National Market System stocks available to retail and institutional investors. The notice describes a permissioned system using automated market maker pools, rather than an order book.

How would trading work on XLayer?

Users would trade through Uniswap v4 liquidity pools deployed on XLayer, OKXICE says. Access would require identity and compliance checks, an approved account with a token issuer, and a non-transferable token in the user's wallet that grants permission to trade.

The notice lists more than 60 stocks, including Nvidia, Apple, Tesla, Coinbase and SpaceX. Each tokenized stock would be paired with USDC, USDG or USDT. The filing says some tokens may be backed one-for-one by shares held through a registered broker-dealer, with token holders receiving equivalent shareholder rights.

The Block's report on the filing says issuers have 30 days to object. The notice itself records an objection from Cerebras Systems.

Does the notice mean the SEC approved the venue?

No. The notice invokes the SEC's temporary conditional exemption for certain distributed-ledger trading venues. OKXICE states that it is not registered with the SEC for activities under that exemption, and that the SEC has not passed on the merits or accuracy of the notice's disclosures.

The exemption remains subject to SEC oversight, and the notice says operating outside its terms could lead to enforcement. The filing sets out a proposed trading structure; it does not establish when trading will begin. The SEC's review of how the venue operates, and any further issuer objections, remain open.

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