OKX said it has filed a notice with the U.S. Securities and Exchange Commission together with Intercontinental Exchange (ICE) for a tokenized securities trading venue, according to on-site reporting by ChainCatcher from the OKX NOW Global Product and Ecosystem Conference in Singapore. Speaking during a panel, OKX Vice President of Strategic Markets Louis Tam also said eligible OKX clients can already trade crude oil perpetuals that reference ICE Brent and WTI benchmarks. At the same event, former New York Governor and OKX board director Andrew Cuomo said the venue is expected to operate under the SEC’s "innovation exemption" framework and could go live in about 30 days. He added that the SEC has set limits on the number of stocks that can be traded and on trading volume. Cuomo said the move shows traditional finance and crypto fintech are shifting from competition toward cooperation and integration.
OKX has filed a notice with the U.S. Securities and Exchange Commission together with Intercontinental Exchange (ICE) for a tokenized securities trading venue, according to on-site reporting by ChainCatcher from the OKX NOW Global Product and Ecosystem Conference in Singapore.
During a panel session, OKX Vice President of Strategic Markets Louis Tam said eligible OKX clients can already trade crude oil perpetuals that reference ICE Brent and WTI benchmarks.
Venue planned under SEC "innovation exemption" framework
At the same event, former New York Governor and OKX board director Andrew Cuomo said the venue is intended to operate under the SEC’s "innovation exemption" mechanism and is expected to launch in about 30 days.
Cuomo also said the SEC has imposed limits on the number of stocks available for trading and on trading volume.
In his view, the development shows traditional finance and crypto fintech moving "from competition to cooperation and integration."
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
