The NYSE owner’s involvement shows tokenization is moving into the mainstream. Crypto exchanges have offered tokenized U.S. stocks for some time, but only to customers outside the country.

OKX itself lists more than 70 such tickers. They’re issued under offshore rules, so U.S. investors can’t buy them. Even so, the market has grown fast. Tokenized stocks are now worth about $3.2 billion, up 15% in the past month, according to RWA.xyz.

Now OKXICE wants to bring that trading onshore, to a regulated U.S. venue, so that tokenized versions of stocks carry the same dividend and voting rights as regular shares.

For investors, the big question is timing. That depends on the 30-day objection period and other regulatory steps. Cuomo, for his part, sounds confident.

“And we’re just getting started,” he said.