Over 60 US stocks, including NVIDIA, will launch on-chain tokenization.

On October 6, according to CoinDesk, OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, plans to launch a stock market supporting 24/7 trading. According to the latest regulatory filings, the platform aims to tokenize over 60 U.S. securities for trading, including Nvidia, Tesla, and Apple.

Under this mechanism, each token is backed 1:1 by underlying stocks held in custody by registered brokers, granting holders shareholder rights such as dividends and voting rights. Unlike traditional matching systems, investors trade via blockchain-based liquidity pools, executing transactions using stablecoins such as USDC, USDT, and USDG. The model utilizes an automated market maker (AMM) protocol, operating on OKX's XLayer public chain powered by Uniswap's technology.