All trading involves risk. Contracts for Difference (CFDs) are complex instruments and may not be suitable for all investors. Please refer to Risk Disclosure and Risk Fact Sheet on Capital.com/en-sg.
Open platformOpen platform

OKXICE to launch 24/7 trading in tokenized US securities

By Reuters News

Nov 11 (Reuters) - OKXICE, the joint venture between crypto exchange OKX and Intercontinental Exchange ICE.N, will launch a platform for round-the-clock trading in tokenized U.S. securities on November 23, the companies said on Wednesday.

Here are some more details:

  • The venture, which filed with the SEC in October to launch the platform, said it would initially offer more than 70 assets, including tokenized shares of Coinbase, Circle and Robinhood, and 59 exchange-traded funds from Direxion

  • The launch comes after more than a dozen major US companies objected to OKXICE offering tokenized versions of their shares on its platform, Reuters reported

  • The crypto industry argues tokenizing securities could revolutionize markets by allowing shares to be traded 24/7 and settled instantly, boosting liquidity and reducing transaction costs

  • The SEC paved the way in September, days after the US Senate failed to advance comprehensive cryptocurrency legislation, by rolling out exemptions to platforms that facilitate trading of tokenized stocks that offer the same rights and privileges as the underlying securities

  • "The future of tokenized stocks should be built on real shares, real shareholder rights and the protections investors expect. That's how we build the next chapter of capital markets on the right foundation," said Carlos Domingo, chairman and CEO of Securitize

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.