ICE and OKX launch OKXICE joint venture for tokenized securities trading

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ICE and OKX launch OKXICE joint venture for tokenized securities trading

Intercontinental Exchange and OKX have formed OKXICE, a 50/50 venture building infrastructure for tokenized financial products. Its Tokenized Securities Venue is set to launch on November 23, 2026, but 67 issuers have already filed objections.

The owner of the New York Stock Exchange and a crypto exchange that trades around the clock now share a company. Intercontinental Exchange (ICE) and OKX launched a 50/50 joint venture called OKXICE on June 22, 2026, aiming to build infrastructure for tokenized financial products.

OKXICE plans futures and tokenized equities for OKX users

However, the access depends on regulatory approvals. The venture plans to give OKX users access to futures from ICE and tokenized equities linked to the NYSE. It is pursuing registration as a broker-dealer and as a futures commission merchant.

The centerpiece is the Tokenized Securities Venue (TSV). It is set to launch on November 23, 2026, at 9 a.m. ET. The TSV is designed to support 24/7 trading of more than 70 tokenized assets, including shares of Coinbase and Robinhood and 59 Direxion ETFs.

How the tokens will trade

Trading will run through permissioned Uniswap v4 automated market maker pools on X Layer, OKX's Ethereum layer 2 network. Securitize will issue the tokens on a 1:1 basis, and each token is meant to represent one unit of the underlying asset. Users can hold the tokens in their own wallets and trade them against stablecoins such as USDC.

Issuers push back

Not every company on the list welcomes the plan. A total of 67 issuers filed objections to the TSV by November 5, including Apple and Amazon. The objections were raised under the SEC's Innovation Exemption and aimed to narrow the range of assets offered at launch.

The partnership has a precedent: ICE made a strategic investment in OKX in March 2026 at a $25 billion valuation. The broker-dealer and futures commission merchant approvals will determine how far OKXICE can go beyond the initial venue, and the response from the 67 issuers will hint at whether corporate America views tokenization as an opportunity or an intrusion.

Source: Crypto Briefing

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