Three Firms Tell SEC They Plan Tokenized Stock Venues

Key points

• Tokenized Stock Venue, Perpetuals.com and OKXICE have notified the SEC of plans for tokenized stock venues
• The SEC's September 17 exemptive order lasts five years and requires advance notice
• OKXICE's October 4 notice reportedly names 63 U.S.-listed companies
• Listed companies have 30 days to opt out of a venue

Three companies have notified the Securities and Exchange Commission that they intend to operate venues for trading tokenized stocks, according to a Bitcoin Magazine report published October 21. They are Tokenized Stock Venue, Perpetuals.com and OKXICE, a platform tied to OKX.

The report said the SEC noted that appearing on its list does not necessarily mean a firm meets all of the rule’s requirements. It also said Intercontinental Exchange, the parent of the New York Stock Exchange, has filed to debut tokenized securities trading.

What the SEC exemption allows

The notices follow an exemptive order the SEC announced on September 17, 2026. According to a October 16 analysis by law firm Goodwin, the order covers “tokenized securities venues,” or TSVs, which are blockchain-based platforms that trade tokenized versions of national market system stocks. Covered securities include exchange-listed common stock, REITs, American depositary receipts and long-term warrants. Exchange-listed debt, securities futures and open-ended mutual funds are excluded, and the order limits the types and amounts of stock that can trade on these venues.

Bitcoin Magazine described the exemption as lasting five years. Goodwin said public companies have a 30-day window to opt out of being included on a venue. A company that does not respond is deemed to have consented, and any opt-out will be public, the firm said.

The OKXICE notice

OKXICE, a joint venture of OKX and Intercontinental Exchange, filed its notice on October 4, 2026, according to Genfinity. That outlet reported the notice names 63 companies, including Nvidia, Apple, Microsoft and Tesla, as well as crypto-linked firms such as Coinbase, Circle, Strategy and Robinhood. Genfinity also reported that chipmaker Cerebras Systems had objected and was the first issuer to opt out.

Genfinity quoted a post on X by Andrew Cuomo calling the plan “a landmark step toward a truly global, 24/7 Wall Street.” Bitcoin Magazine did not provide a launch date for any of the three venues, and none has been confirmed in the sources reviewed.

Policy backdrop and what comes next

Bitcoin Magazine placed the notices against a broader shift at the SEC under Chair Paul Atkins, who has said the agency wants to update how it oversees securities and “modernize them in the age of blockchain and crypto assets.” The outlet contrasted that approach with the Biden-era enforcement cases against companies including Coinbase and Kraken. It also noted that lawmakers blocked major digital asset legislation, the Clarity Act, in September, leaving the exemption as a main path for tokenized equities.

Supporters of tokenized stocks argue they allow trading around the clock. Large asset managers such as BlackRock and Franklin Templeton have already used blockchain to tokenize money market funds, Bitcoin Magazine said.

Goodwin noted that the SEC does not approve venues individually under this framework. Each operator must give the Commission notice at least 30 calendar days before it begins trading, according to a summary of the order, and must notify affected public companies. The next milestones are the end of each issuer’s opt-out window and any venue launch announcements. Whether the three companies will ultimately list stocks on their platforms depends on which issuers opt out and on how the SEC reviews the notices.