OKX Files With SEC to Launch Tokenized U.S. Stock Trading Platform

OKX filed with the Securities and Exchange Commission on Sunday to launch a U.S. tokenized-stock trading platform. The filing positions the crypto exchange among the first major digital-asset firms seeking to use the SEC’s new framework for on-chain stock trading.

The move follows the SEC’s Sept. 17 Innovation Exemption, which permits qualifying Tokenized Securities Venues to trade tokenized National Market System stocks through permissioned automated market makers and liquidity pools. The temporary framework requires tokenized securities to preserve shareholder rights, including dividends and voting.

OKX already offers tokenized stock products outside the U.S., but those products do not provide direct ownership or shareholder rights. The new U.S. platform would therefore require a different structure to meet the SEC framework. OKX also has a joint venture with Intercontinental Exchange, the NYSE parent, focused on tokenized financial products.