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The OKXICE platform planned to trade tokenized US stocks around the clock. Objections were filed by 67 issuers, including almost its entire initial list of 62 companies.
Prop company Formation Securities has notified the US Securities and Exchange Commission (SEC) of the launch of a platform for trading tokenized stocks on the Solana network. Trading is stated to start in early 2027, with Exodus Movement, Forward Industries and Galaxy Digital securities first on the list.
The New York Stock Exchange plans to settle tokenized stocks on the Avalanche network. The report appeared on November 9 at 15:31 Moscow time; the network's own token is AVAX.
The bank became one of the first users of the new tokenization service from DTCC, the clearing center through which US securities transactions pass. US stocks and Treasury bonds have been converted into tokenized form.
The OKXICE joint venture (the OKX exchange and Intercontinental Exchange, owner of the NYSE) was going to launch round-the-clock trading of tokenized US stocks. 56 companies opposed it, including 49 of the 62 initially selected - about 79% of the original list.
Four new refusals have been added to the OKXICE project - a joint venture between the OKX crypto exchange and Intercontinental Exchange (the owner of the New York Stock Exchange). Now 26 issuers from the original list of 62 companies have spoken out against trading tokenized versions of their shares.
