TLDR Tech / News
OKX and ICE partner for 24/7 tokenized US stock trading
OKXICE, a collaboration between OKX and Intercontinental Exchange (parent of the NYSE), has submitted a filing with the SEC to establish a regulated venue for trading tokenized U.S. stocks around the clock. Initially, the platform will feature blockchain-based shares for over 60 U.S.-listed companies, facilitating continuous trading and quicker settlements, while maintaining traditional shareholder benefits like dividends and voting rights. This venture is contingent on a five-year SEC "Innovation Exemption" and requires completing further regulatory processes, including a 30-day period for listed companies to object.
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