According to CoinMeta, OKXICE has submitted an application to the U.S. Securities and Exchange Commission (SEC) to launch a 24/7 tokenized stock trading platform. This platform is a joint venture between the crypto exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. It is expected to start with more than 60 companies listed on U.S. stock exchanges. Tokenized stocks are digital versions of regular stocks that can be traded outside of normal market hours and settle faster than traditional stocks. The plan is based on new rules issued by SEC on September 17, which allow eligible trading venues to use automated market makers and liquidity pools to trade tokenized U.S. stocks. This exemption is temporary, valid for five years, and comes with certain restrictions. Tokenized stocks must enjoy the same rights as regular stocks, including dividends and voting rights. Listed companies also have 30 days to object to their stocks being tokenized. OKX and ICE established a 50-50 joint venture in June to build the infrastructure for tokenized financial products.