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24h
51%
51%
1
1
NYSE parent @ICE_Markets and @okx's 50/50 joint venture, OKXICE, has notified the SEC of plans to launch a tokenized securities venue under the agency's temporary Innovation Exemption.
The proposed venue would offer retail and institutional investors 24/7 secondary trading in tokenized US NMS stocks through @Uniswap v4 liquidity pools on @XLayerOfficial, an @ethereum L2.
Access is permissioned through KYC/KYB, sanctions screening, whitelisting and wallet-bound credentials, while the underlying chain remains public and permissionless.
The tokens are intended to represent one-for-one security entitlements to underlying shares held through a broker-dealer. The notice lists 64 proposed stocks, including NVIDIA, Tesla and Apple, paired with USDC, USDG or USDT.
Ethereum is the home of onchain finance.
How are exchanges tokenizing stocks?
Coinbase: on Base, an ETH L2
Robinhood: on Robinhood Chain, an ETH L2
Kraken: on Ink, an ETH L2
And today:
OKX + ICE, on X Layer, an ETH L2
With L2s, exchanges own the rails and connect to the largest public blockchain:
Ethereum.