Source time Edition date
OKXICE to debut tokenized stock trading with Strategy, Coinbase, Circle this month
OKXICE本月将推出Strategy、Coinbase、Circle代币化股票交易
OKXICE's Nov. 23 tokenized stock launch, including Strategy, Coinbase and Circle shares, pushes equity exposure on-chain despite issuer resistance, leaving regulators and issuers to decide how such listings are governed.
Judgment
The decision shifts to issuers and the SEC: issuers must decide whether to use the SEC’s 30-day objection window, while OKXICE starts Nov. 23 with more than 70 tokenized securities for eligible U.S. OKX customers in self-custodial wallets.
Basis
OKXICE said it will launch Nov. 23 with more than 70 tokenized securities, including Coinbase, Circle, Strategy common and preferred shares and 59 Direxion ETFs; Direxion oversees $70 billion. It follows objections from 56 of the 62 originally proposed companies, about 90%, and 67 total objections, under the SEC’s five-year innovation exemption, which gives issuers 30 calendar days to object. Trading uses Uniswap v4 liquidity pools on X Layer, with Securitize providing tokenization; tokens preserve dividends, voting and corporate actions, and eligible U.S. OKX customers self-custody them. Andrew Cuomo said the SEC created a real opening; Douglas Yones said Direxion adapts to trading behavior.
- Originally proposed companies62
- Companies that objected56
- Total objections67
- Confirmed assetsmore than 70
Unclear The source does not say which of the more than 70 assets will be available at launch or whether OKXICE has a process for objections filed after Nov. 23.
Next Check OKXICE’s Nov. 23 launch disclosure for the actual initial asset list and any new issuer objections or SEC guidance on the innovation exemption.