OKX has launched trading of tokenized US stocks on a shared order book, allowing users to trade digital representations of major equities alongside cryptocurrencies. The exchange routes every issuer version of a stock into a unified market, creating a consolidated liquidity pool.
The tokenized stocks are backed by Backed Assets infrastructure and represent shares of major US companies. Users can trade these assets 24/7, unlike traditional stock markets that operate during limited hours. The launch is restricted to certain jurisdictions, with US and EU traders excluded from the offering.
The shared order book model aggregates liquidity from multiple token issuers into a single market, addressing a fragmentation problem that has limited the growth of tokenized securities. Previously, different issuers would create separate tokens for the same underlying stock, leading to thin liquidity across multiple order books.
OKX move into tokenized stocks represents the latest step in the convergence of cryptocurrency exchanges and traditional financial markets. The platform joins a growing list of crypto exchanges that are expanding beyond digital assets into tokenized versions of conventional securities.
The development highlights the growing demand for around-the-clock trading access to traditional assets. Stock tokenization allows investors to trade US equities outside of standard market hours, using cryptocurrency infrastructure that operates continuously.
The launch also underscores the importance of clear regulatory frameworks for tokenized securities, as different jurisdictions have varying rules about who can trade these products and how they must be structured.
This article was adapted from The Defiant. Read the original here.
