Crypto Balloon

OKXICE’s tokenized-stock plan: 24-hour access, unresolved market risks

As reported by Odaily on November 12, 2026, at 02:39 (UTC+8), crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, planned to launch tokenized-stock trading through OKXICE on November 23. The report said eligible US users would be able to trade around the clock and that the platform would operate under a temporary US Securities and Exchange Commission innovation exemption.

OKXICE expected to list more than 70 assets, including 59 exchange-traded funds, tokenized shares of Coinbase, Circle, BitGo, Robinhood and Strategy, and Strategy preferred shares. Separately, the report said 67 companies had objected to having their shares listed on the platform, among them JPMorgan Chase, McDonald’s, SpaceX and Coca-Cola.

The appeal of continuous trading does not settle questions about pricing and investor protection. Odaily cited IMF research finding that tokenized stocks were about 1.5 times as volatile as their conventional-market counterparts. The research found the weakest liquidity on decentralized exchanges, where prices diverged more from conventional-market prices than on centralized exchanges. The IMF also warned that combining trading and settlement on a blockchain could weaken safeguards that help markets absorb shocks. In a January filing, Nasdaq warned that trading tokenized stocks outside traditional systems could fragment liquidity and make it harder for investors to obtain the best price.

OKXICE co-chair Andrew Cuomo, a former New York governor, said investors would have the same rights, protections and ownership as holders of the underlying shares. That is the platform’s stated promise; the reported objections and market-structure warnings show why its practical delivery matters.

Original report: Odaily (citing Cointelegraph).