OKX-ICE stock token platform OKXICE to launch on Nov. 23

OKX and Intercontinental Exchange, the parent company of the New York Stock Exchange, plan to launch their joint tokenized stock trading platform OKXICE on Nov. 23, Bloomberg reported. The platform plans to offer more than 70 digital assets linked to stocks and ETFs, although some products, including 59 leveraged and inverse ETFs from Direxion, are not expected to be available for trading on the launch date. Meanwhile, 67 companies, including McDonald's, Coca-Cola and JPMorgan, have expressed opposition to the tokenized trading of their shares. Of the 62 companies selected by OKXICE for initial trading, 56 objected, while only six crypto-related companies, including Coinbase, Strategy and Robinhood, have not publicly opposed the plan.