OKXICE plans to launch a tokenized securities venue on November 23, with 70 tokenized assets confirmed.

BlockBeats news, November 11 - OKXICE, the joint venture between OKX and NYSE parent company ICE, announced it will officially launch its tokenized securities trading venue (TSV) on November 23, becoming one of the first projects to land under the SEC's five-year "innovation exemption" framework. OKXICE has currently confirmed 70 tokenized assets, covering issuer assets including Coinbase, Circle, and Robinhood, as well as 59 ETFs. U.S. users must trade through its CeDeFi wallet and complete onboarding before they can trade.

However, OKXICE is facing strong resistance from traditional giants. As of November 5, 67 companies including Meta, Tesla, Netflix, and Costco have exercised their exemption rights, explicitly refusing to allow their stocks to be tokenized and traded on OKXICE. Some companies (such as Applied Optoelectronics) are concerned that tokenization could cause investor confusion about their involvement and affect share prices and liquidity. In addition, Nasdaq has also publicly opposed the exemption framework, with its Chief Legal Officer pointing out that allowing tokenized securities to trade outside the regulated National Market System (NMS) would undermine market data and transparency frameworks and could lead to market fragmentation. To this end, Nasdaq has decided to exclude its own stocks from the venue.