OKXICE Plans November 23 Launch for Tokenized Securities

OKXICE plans to begin round-the-clock trading in tokenized U.S. securities on November 23, offering more than 70 assets to eligible U.S. customers through a venture formed by crypto exchange OKX and Intercontinental Exchange. The companies announced the date, but said the full planned roster may not be tradable on the first day.

The initial selection includes 59 exchange-traded funds from Direxion and planned tokenized shares from Coinbase, Circle and Robinhood. Other named offerings include securities from Strategy, BitGo, Securitize and Better.com. OKXICE has not said which of the announced assets will be available at launch.

The planned opening comes as issuers use the Securities and Exchange Commission’s framework to object to third-party tokenized versions of their shares. A November 5 OKXICE notice lists objections from 67 companies. Separately, a count of the venture’s original selection found 56 objections among 62 companies. The figures refer to different scopes: the notice’s list and the initial group considered for inclusion.

Under the SEC’s September 17 order, qualifying venues can receive conditional exemptions from certain exchange-registration requirements for five...