NYSE Owner Joins OKX to Launch Tokenized Stocks | CoinDesk Daily
Monday, 5 October 2026 · 1 min read · Listen to the episode ↗
OKX-ICE, the joint venture of OKX and NYSE parent Intercontinental Exchange, told the SEC it plans a venue for trading tokenized shares in more than 60 U.S.-listed companies; the SEC’s new innovation exemption provides a route for such trading, but the transcript does not say whether the venture qualifies. Ether gained 70% in Q3 while its median daily market depth remained well below Bitcoin’s, and Zcash’s NU7 testnet upgrade targets faster transaction batches.
OKX-ICE, the joint venture between crypto exchange OKX and Intercontinental Exchange, parent of the New York Stock Exchange, told the SEC it plans to launch a venue for trading tokenized stocks. The planned offering would cover more than 60 companies listed on U.S. exchanges. Venture co-chair Andrew Cuomo announced the plan on X.
A new SEC innovation exemption allows qualifying venues to trade tokenized U.S. stocks through automated market makers and liquidity pools. The exemption establishes a route for this kind of trading, though the information provided does not say whether OKX-ICE has qualified or how its planned venue would use those mechanisms.
Ether rose 70% in the third quarter, outperforming Bitcoin, but its median daily market depth was only 35% to 45% of Bitcoin’s, according to CoinGecko. That contrast challenges the assumption that price gains necessarily bring in more traders and deepen order books: Ether’s strong performance came alongside substantially thinner market depth.
Zcash activated its NU7 upgrade on a public test network, cutting the targeted weight between transaction batches from 75 seconds to 25. Faster blocks could reduce the time merchants wait before accepting payments and exchanges wait before crediting deposits. Developers targeted November 5 for rollout, contingent on reviewing test results on October 20.
This summary was generated from the episode transcript and can contain mistakes.