More than 60 U.S. stocks including Nvidia and Tesla are headed onchain. Here’s how it works
The planned 24/7 venue will offer dozens of tokenized U.S. stocks, with trades conducted against stablecoins through blockchain-based liquidity pools rather than a traditional order book.
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Summary
- OKX and NYSE owner ICE plan a 24/7 blockchain market for tokenized U.S. stocks including Nvidia, Tesla and Apple.
- Each stock token would be backed one-for-one by an underlying share, with investors trading against blockchain-based liquidity pools using stablecoins.
- The platform could test demand for round-the-clock U.S. stock trading, though corporate objections, liquidity concerns and temporary regulatory relief may limit adoption.
