Update
OKXICE Proposes Stock-Token Pools Without NYSE Prices
OKXICE, owned by Intercontinental Exchange (ICE) and an affiliate of OKX, is proposing stock-token pools for 24/7 trading. These pools will price trades from their own inventory rather than using NYSE quotes. The proposal includes a hypothetical pool at a $100 reference price where $1,000 buys about 9.09 tokens, roughly $909 worth at that price. The pools will use technology similar to Uniswap, with buyers dealing against pools of assets rather than traditional bid and offer lines. Sixteen companies, including Microsoft, Alphabet, and Goldman Sachs, have objected to third-party tokenized versions of their stocks trading on OKXICE.