OKX and ICE Move to Bring Tokenized Stocks to the US as Bitcoin Holds Above $86,000
OKX and NYSE parent ICE have told the SEC they plan a 24/7 tokenized stock venue, while Bitcoin holds above $86,000 after a surprisingly weak September jobs report.
OKXICE Files for a 24/7 Tokenized Stock Venue
OKXICE LLC, the 50-50 joint venture between crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, notified the Securities and Exchange Commission on Sunday, October 4, that it intends to operate a Tokenized Securities Venue.
The notice lists 63 US-listed companies, including household names such as Nvidia, Apple, Microsoft and Tesla. Trading would run around the clock, using permissioned Uniswap v4 liquidity pools on OKX's X Layer network. Each tokenized stock would be paired with one of three stablecoins: USDC, Global Dollar or USDT.
Why the SEC's Innovation Exemption Matters
The venue is being built under the SEC's Innovation Exemption, which has allowed qualifying platforms to trade tokenized versions of US-listed stocks without registering as national exchanges since September 17.
The framework gives issuers a say. Companies have 30 days to opt out, and chipmaker Cerebras Systems has already filed an objection. The filing is also a notification rather than a launch announcement, so the venue still has to move through the regulatory process before trading begins.
The partnership itself is recent. ICE took a minority stake in OKX in March at a valuation of about $25 billion, and the two companies formed the joint venture in June. Former New York governor Andrew Cuomo serves as co-chair.
Bitcoin Holds Above $86,000 After a Soft Jobs Report
The broader market backdrop is shaped by US labor data. Employers added just 29,000 jobs in September, far below the 84,000 to 93,000 that QCP Capital had expected, while the unemployment rate rose to 4.2% from 4.1%.
Bitcoin briefly topped $87,000 on Friday and is trading above $86,000 on Monday. Ether is holding above $2,700, and XRP is steady near $1.52. According to Glassnode, sellers pulled many of their offers near $85,000, leaving the next cluster of sell orders around $87,000. QCP sees $87,400 as the level Bitcoin must clear to open the path toward $90,000.
ETF Flows Show Institutions Are Still Buying
US spot Bitcoin ETFs recorded $2.65 billion in net inflows in September, according to SoSoValue, the second-largest monthly total since October 2025 and below August's $3.52 billion. Spot Ether ETFs added $832.43 million over the same month. Inflows continued on October 1, with Bitcoin funds taking in another $102.7 million.
What It Means for US Investors
Both stories point in the same direction: crypto is moving deeper into regulated, familiar market structure. Tokenization could eventually offer round-the-clock access to US equities, while ETF flows show that institutional demand has not faded.
Investors should still watch the details. The OKXICE issuer opt-out window and SEC process will decide how fast tokenized trading arrives, and Bitcoin's next test is the $87,400 resistance level alongside upcoming labor and inflation data.
This article is for informational purposes only and is not financial advice.
