A Nasdaq spokesperson told the Wall Street Journal that the company does not want its shares trading on a venue that does not display best prices in real time or report to the consolidated tape, which aggregates stock-market trading data. Nasdaq is not among the nine issuers named in OKXICE’s notice.
Path to onchain stock trading
OKXICE announced on October 5 that it had notified the U.S. Securities and Exchange Commission of plans to launch the venue, initially targeting shares of 63 U.S.-listed companies. Former New York Gov. Andrew Cuomo, the venture’s co-chair, announced the move on X.
The venue would operate under the SEC’s five-year “Innovation Exemption,” issued September 17, which allows qualifying platforms to trade tokenized U.S. stocks using automated market makers and liquidity pools.
Tokenized stocks are blockchain-based representations of shares. OKXICE plans to operate around the clock using Uniswap v4 liquidity…
