OKXICE sets Nov. 23 launch for tokenized-stock venue despite objections

OKX and Intercontinental Exchange plan to launch their blockchain-based securities venue on Nov. 23 under the SEC’s five-year innovation exemption, with more than 70 assets confirmed, including Coinbase, Circle, Robinhood and Strategy securities, plus 59 Direxion ETFs. The lineup comes despite objections from dozens of companies that have opted out, citing concerns such as potential effects on share trading and investor confusion. Separately, OKX has begun offering 24/7 trading of tokenized stock and ETF exposures through Payward’s xStocks framework, while Payward has expanded xStocks to include more than 200 UK- and EU-listed companies. The offerings broaden access to tokenized equities, but they do not necessarily confer direct ownership or voting rights, and OKX’s unified tokenized-stock products are unavailable to U.S. persons.