OKXICE applied to U.S. regulators to launch a 7×24-hour tokenized stock trading platform
BIBIBI
AT A GLANCE
Andrew Cuomo said that 7×24-hour tokenized stock trading could change the market.
Article
OKXICE Co-Chairman Cuomo: Tokenized stocks will bring fundamental changes to the market
PANews October 10 reported that OKX and ICE joint venture OKXICE Co-Chairman and former Governor of New York Andrew Cuomo said in an interview with The Wall Street Journal that 7×24-hour tokenized stock trading would be a “transformative game changer,” attracting billions in USD capital to the U.S. economy, with the next major policy shift expected after the midterm elections.OKXICE applied to U.S. regulators this week to launch a 7×24-hour tokenized stock trading platform.
OKXICE Co-Chairman and former Governor of New York Andrew Cuomo was interviewed by The Wall Street Journal.
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Andrew Cuomo said that 7×24-hour tokenized stock trading would be a “transformative game changer.”
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He said that this trading model could attract billions in USD capital to the U.S. economy.
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He expects the next major policy shift to come after the midterm elections.
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OKXICE applied to U.S. regulators this week to launch a 7×24-hour tokenized stock trading platform.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Tokenized stocks involve placing stock trading in token form on a digital trading system. The platform mentioned here is envisioned to support round-the-clock trading, but it has not been stated whether the application will be approved.
Why it matters to readers
If the application is approved, stock trading hours and trading infrastructure could change; for now, this is only an application and the interviewee’s assessment.
Beginners should distinguish between “applied for” and “approved,” and should not treat the interviewee’s prediction as an actual market outcome.
Risks and unknowns
The evidence does not state whether U.S. regulators have approved the platform.
The evidence does not state the applicable stock coverage, custody, or settlement arrangements for the platform.
“Could attract billions in USD capital to the U.S. economy” is Andrew Cuomo’s assessment; the evidence provides no basis for the estimate.
“A policy shift will come after the midterm elections” is a prediction; the evidence does not specify the policies involved.
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Tokenized Stocks
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