According to Decrypt, OKX and the owner of the NYSE, ICE, have filed a notice indicating plans to offer 24/7 tokenized trading for selected stocks under the SEC’s Innovation Exemption. The filing includes more than 60 stocks, some of which are identified as Nvidia and SpaceX, paired with stablecoins.
The notice outlines the operational model for trading these tokenized representations of stocks on a continuous basis, without traditional market hours restrictions. No details are provided regarding platform integration, user availability, regulatory testing phases, or timelines for implementation. The use of stablecoins alongside the listed equities is noted in the filing.
The Innovation Exemption allows certain offerings to proceed without full SEC registration under specific conditions related to innovation and limited market risk. The filing does not specify which criteria from the exemption are being applied nor describe supervisory or compliance mechanisms. It also does not mention oversight by regulators, customer protections, or operational safeguards.
Including major technology names such as Nvidia and SpaceX among the stocks suggests a focus on growth-sector equities in the tokenized form. The pairing with stablecoins implies a design where token holders could potentially access share-like value without holding physical securities. Further public disclosure or regulatory review is not indicated in the notice.
