NYSE owner ICE launches 24/7 stock tokens bypassing traditional Wall Street pricing rules

Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, and OKX have launched OKXICE, a platform for 24/7 stock token trading utilizing Uniswap technology. Stock token prices will be determined by DeFi-style trading pools rather than traditional NYSE bid/offer lines, meaning off-market prices will differ based on the pool's inventory. As of Oct.19, sixteen companies, including Microsoft, Alphabet, and Goldman Sachs, had publicly objected to third-party tokenized versions of their stocks trading on OKXICE.