OKX and NYSE Owner ICE Plan 24/7 Tokenized Stock Trading Under SEC Exemption

What happened

OKX and NYSE owner ICE filed a notice for 24/7 tokenized stock trading under the SEC's new Innovation Exemption. The notice lists more than 60 stocks, including Nvidia and SpaceX, paired with stablecoins.

Confirmed

Global impact / market context

This lets investors trade stock tokens around the clock, not just during market hours. Brokers and exchanges could earn more fees, while companies face new ways to raise money. Regulators must decide if stablecoin-paired tokens are safe.

Analyst inference

The SEC Innovation Exemption is a special permission for new financial products. If approved, trading would move beyond traditional market hours. This could increase competition among exchanges and change how investors buy and hold stocks.

Analyst inference

What to watch

1. The SEC must review the filed notice and decide whether to grant the Innovation Exemption for 24/7 tokenized stock trading with stablecoins. Confirmed
2. OKX and ICE plan to list more than 60 stocks, including Nvidia and SpaceX, as tokens paired with stablecoins under the exemption. Proposed
3. Whether other exchanges copy this model, and how regulators treat stablecoin pairs, will shape competition and rule-making for round-the-clock stock trading. Analyst inference

Evidence

• decrypt.co