Nvidia, Tesla, Apple and Microsoft are among dozens of U.S. stocks that could soon be available to trade 24 hours a day, seven days a week on a new blockchain-based market from crypto exchange OKX and the owner of the New York Stock Exchange.
A regulatory filing from OKXICE, a joint venture between OKX and NYSE owner Intercontinental Exchange, listed more than 60 securities it plans to offer in tokenized form and explained how the new market would work.
The list includes Nvidia, Tesla, Apple, Microsoft, Amazon and Alphabet, as well as crypto-linked companies Coinbase, Circle, Robinhood, Strategy and Securitize. JPMorgan, Goldman Sachs, Walmart, Netflix, Reddit and Boeing are also among the names.
But inclusion in the filing doesn’t guarantee that every stock will trade on the platform, as companies can object to having their shares included during a 30-day window. Cerebras, for example, objected to the inclusion of its stock, according to the filing.
“No symbol is a given,” TD Securities analysts wrote in a report on Monday.
For investors, the easiest way to understand tokenization is to think of a familiar stock represented by a digital token that can be bought and sold on a blockchain.
