OKXICE plans to launch its tokenized securities platform on November 23, and has confirmed 70 tokenized assets.
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OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced their joint venture OKXICE will officially launch its Tokenized Securities Venue (TSV) on November 23, becoming one of the first projects to roll out under the U.S. Securities and Exchange Commission’s (SEC) five-year "innovation exemption" framework. OKXICE has confirmed 70 tokenized assets, including those from issuers such as Coinbase, Circle, and Robinhood, as well as 59 ETFs. U.S. users must use its CeDeFi wallet and complete onboarding to trade. However, OKXICE is facing strong pushback from traditional industry giants. As of November 5, 67 companies including Meta, Tesla, Netflix, and Costco have exercised their exemption rights, explicitly refusing to tokenize and trade their stocks on OKXICE. Some firms (such as Applied Optoelectronics) worry tokenization will cause investor confusion over their involvement and impact stock prices and liquidity. Additionally, Nasdaq has publicly opposed the exemption framework. Its chief legal officer noted that allowing tokenized securities to trade outside regulated National Market Systems (NMS) would undermine market data and transparency frameworks and could lead to market fragmentation. In response, Nasdaq has decided to exclude its own stocks from the venue.
1confirmation Founder: Expanded beyond its seed-stage investment scope to add to its Polymarket stake, arguing the claim that "tokens are dead" is unfounded.
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