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NYSE owner and OKX seek SEC clearance for tokenized stock trading
Original: NYSE owner and crypto exchange OKX seek SEC clearance for tokenized U.S. stock trading
Intercontinental Exchange, the owner of the New York Stock Exchange, and crypto exchange OKX have asked the U.S. Securities and Exchange Commission for clearance to offer tokenized trading of U.S. stocks. The move would let investors trade blockchain-based versions of American equities, deepening the convergence of traditional finance and crypto markets. Market watchers see it as a sign that major Wall Street players are pushing regulators to legitimize tokenized securities.
Why now: Regulatory approval for tokenized U.S. equities would mark a major step in bridging Wall Street and crypto, drawing attention from both markets.
Intercontinental ExchangeNYSEOKXSEC
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