ICE · News · 20261104N

Tokenized Stock Trading Platform

Intercontinental Exchange, Inc. · 2026-11-04 · Importance null · Surprise null · In source text

ICE and OKX’s planned platform would enable blockchain-based trading of tokenized U.S. equities. Fifty-six companies have publicly objected, including 49 of the 62 firms initially selected—about 79%—putting a large share of the proposed stock selection at risk. The venture operates under an SEC Innovation Exemption that allows issuers to block third-party tokenization of their shares, challenging the platform’s intended breadth and viability.

Key facts

• ICE and OKX plan to offer blockchain-based trading in tokenized versions of U.S. equities through a joint venture. source
• The objections do not completely halt OKXICE's plans but severely limit the range of third-party tokenized stocks and challenge the viability of its proposed 24/7 tokenized stock market. source
• The OKX-ICE tokenization venture operates under an SEC Innovation Exemption that allows issuers to block third-party tokenization of their shares. source
• The number of publicly disclosed objections to ICE and OKX's planned tokenized-stock platform rose to 56 companies. source
• Of the 62 firms initially selected for ICE and OKX's tokenization initiative, 49 objected, representing about 79% of that group; seven additional companies also objected. source
• The 56 companies objecting to ICE and OKX's proposal represent nearly 80% of the platform's intended stock selection. source
• The disclosed objections to ICE and OKX's planned tokenized-stock platform included Netflix, SoFi Technologies, Lam Research, Amazon, Tesla, and SpaceX. source

Impact estimates