OKX and NYSE Parent ICE File for a 24/7 Tokenized Stock Venue as Wall Street Goes Always-On
Focus of the Day
OKXICE, the joint venture between OKX and NYSE parent ICE, filed with the SEC for a 24/7 tokenized securities venue where more than 60 blue chips trade against stablecoins on XLayer, triggering a 30-day objection window. BNB Chain’s tokenized stocks and ETFs crossed $1.1B for about a third of the industry, while Solana’s onchain RWA supply hit a $2.7B high as exchanges and crypto platforms accelerate always-on equity trading.
Industry Briefing
10 items
OKXICE files with the SEC for a 24/7 tokenized stock venue – The OKX-ICE joint venture applied under the Innovation Exemption to run an always-on venue where 60+ blue chips trade against USDC, USDG and USDT in permissioned Uniswap v4 pools on XLayer, triggering a 30-day objection window as Cerebras filed the first issuer objection.
Blockchain.com signs an MOU with NYSE Group to distribute tokenized stocks – The pair will explore distributing tokenized US-listed equities and ETFs through NYSE’s planned digital ATS with two-way market data, reaching 44M+ verified accounts; Citi sees a $5.5T base case for tokenized assets by 2030.
BNB Chain tokenized stocks and ETFs cross $1.1B, about a third of the industry – RWA.xyz shows total tokenized stock/ETF supply near $3.7B with BNB Chain at roughly 30%, Ethereum at $828M (22%) and Solana at $738M (20%); roughly 1.8M addresses hold tokenized stocks, about 45% of industry holders.
Solana onchain RWA distribution hits a $2.7B all-time high – RWA Foundation data shows BlackRock, Paxos, Anchorage, Ethena and Maple expanding on the network, spanning tokenized treasuries, stablecoin infrastructure, credit and yield products as high throughput and low fees draw TradFi adoption.
Franklin Templeton and Animoca Brands publish tokenization research, up to $30T by 2033 – Their joint “Future of Tokenization” series focuses on the “tokenization tipping point,” with RWA up 5x since 2023 and another 3x in 2025-2026 as regulatory clarity becomes the core catalyst.
Goldman Sachs plugs its $100B Treasury fund into institutional crypto plumbing – Active RWA AUM rose from $28.9B to $31.8B in a week; Franklin’s tokenized fund went live on Bybit as collateral while Petrobras tested Cardano for sustainable fuel tracking.
Payward (Kraken) and Singapore Gulf Bank launch 24/7 USD settlement – Using the bank’s SGB Net, the pair offer instant USD settlement to institutional clients in Asia and the Gulf, cutting counterparty and settlement risk while advancing always-on fiat rails for crypto markets.
Nasdaq invests $100M in Payward to co-build the Nasdaq Equity Token – The two are developing the NET framework so investors can hold onchain versions of public equities while keeping shareholder rights, supporting faster settlement and always-on trading; Nasdaq also supplies surveillance across markets.
OpenChainBench launches the first public benchmark for tokenized assets – Reading directly from public chains rather than asking issuers, it shows Solana’s tokenized RWA supply near $1.83B while $967.6M of BUIDL has no public pool as a restricted fund; weekend tests show AMM prices drifting sharply when Nasdaq is closed.
South Korea advances a tokenized securities regulatory framework – A proposal brings stocks, bonds and funds into a regulated token-securities regime with a 100M-won annual retail cap and a 4B-won capital requirement for direct-managed accounts, with public comment open through November 11.
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