Intercontinental Exchange Inc (ICE) operates a network of regulated exchanges, including the New York Stock Exchange, and clearing houses for financial and commodity markets. The company specializes in global futures exchanges, derivatives clearing houses, over-the-counter (OTC) markets, and post-trade services.
Odaily reports: Crypto analyst Darkfost posted that HYPE's spot trading volume on Binance yesterday hit an all-time high of $16.2 billion, far exceeding the platform's monthly average daily trading volume of approximately $3.6 billion. Driven by this, HYPE's price rose from $81 to $97, a single-day gain of about 24%. The surge in trading volume is related to the announcement of a partnership between TradeXYZ and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE). The two parties plan to launch a 24/7 perpetual futures market in the United States built on Hyperliquid's technical infrastructure, covering equities, commodities, foreign exchange, and cryptocurrencies, subject to regulatory approval.Under the arrangement, ICE will operate the regulated market, while TradeXYZ will handle market design and implementation. The news was subsequently shared by Stanley Druckenmiller in his first-ever post on X. Darkfost noted that the news was quickly priced in by the market, but it was not entirely without warning—Trump had previously stated that Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), is working to bring Hyperliquid into the U.S. market in a compliant and legal manner.
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Odaily reports: Elon Musk retweeted Wall Street legendary investor Stan Druckenmiller's tweet disclosing his investment in Trade.xyz, and said "Interesting."Earlier news: Stan Druckenmiller (@standuquesne) posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) and plans to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller stated that as a market participant, he looks forward to using this product to improve his investment process.
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Odaily reports: An announcement updated by OKXICE on October 28 shows that Walmart, Eli Lilly, Cigna, Carnival Corporation, and Arcos Dorados oppose its stock tokenization plan. With the addition of five companies, 38 of the 63 target companies have now formally objected, accounting for about 60%; the combined market capitalization of these companies exceeds $19.4 billion.OKXICE is a joint venture established by crypto exchange OKX and Intercontinental Exchange (ICE), planning to allow eligible investors to trade blockchain-mapped tokens of U.S. stocks around the clock using stablecoins. The tokens will be backed by real shares held by a registered broker-dealer, and trading is intended to be conducted through permissioned Uniswap v4 liquidity pools on the OKX X Layer network.The temporary regulatory exemption established by the U.S. Securities and Exchange Commission (SEC) in September allows eligible platforms to conduct tokenized stock trading without complying with some traditional exchange requirements, and allows listed companies to object to third-party tokenization of their shares. The announcement listed the companies that raised objections but did not explain their specific reasons. (Bitcoin.com News)
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According to CoinDesk, Walmart, Eli Lilly, Carnival, Arcos Dorados, and Cigna have joined the opposition to the tokenized stock trading plan by OKX and Intercontinental Exchange (ICE). According to a public notice updated on October 28, 38 of the 62 companies originally slated to list have raised objections, representing over 61%.
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Legendary Wall Street investor Stan Druckenmiller posted his first tweet stating that he has invested in Trade.xyz, expressing support for the platform's collaboration with the Intercontinental Exchange (ICE) to bring around-the-clock perpetual futures trading to the U.S. market. Druckenmiller stated that as a market participant, he looks forward to using the platform's innovative products to optimize his investment decision-making process.
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Stan Druckenmiller (@standuquesne), Chairman and Chief Investment Officer of Duquesne Family Office, posted his first tweet, stating that he has become an investor in Trade.xyz. Trade.xyz is collaborating with Intercontinental Exchange (ICE) to bring Hyperliquid-based 24/7 perpetual futures to the United States. Stan Druckenmiller said that as a market participant, he looks forward to using this product to improve his investment process.
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According to Bloomberg, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is partnering with Trade.xyz to launch perpetual futures products in U.S. regulated markets. The two parties plan to establish a new perpetual futures trading marketplace, equipped with independent clearing, KYC, and anti-money laundering systems, pending regulatory approval.
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a notice updated by OKXICE TSV on October 23 listed 6 newly objecting companies, including Wells Fargo, Cisco Systems, Marvell Technology, Arm Holdings, Moderna, and Intuit. The total number of companies that have raised objections has increased to 22, up from 16 on October 19 and 9 on October 15. The notice did not state the reasons why the companies objected, nor did it explain the impact of the objections on whether the stocks can be traded on the platform.OKXICE TSV is a joint venture owned 50-50 by Intercontinental Exchange and OKX's U.S. holding company, and plans to allow approved users to trade tokenized U.S. stocks around the clock. Trading will be conducted through Uniswap v4 liquidity pools on OKX's XLayer blockchain and settled using stablecoins such as USDC.The notice disclosed that the platform suspends trading only when the underlying stocks are halted, has not set up other circuit breaker mechanisms, and has not established policies for handling issues related to blockchain transaction ordering. Smart contracts can be upgraded without prior notice to users, and the contract controlling trading eligibility has only undergone an internal audit. (Decrypt)
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According to CoinDesk, companies such as Microsoft, Google's parent company Alphabet, McDonald's, Goldman Sachs, Wells Fargo, and Cisco have opposed having their stocks traded on OKXICE, the tokenized securities trading platform built in partnership between OKX and the Intercontinental Exchange (ICE). To date, the number of publicly traded companies that have explicitly opposed this has risen to 22.
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According to Reuters, six companies including Wells Fargo, Arm Holdings, and Intuit have recently opposed the listing of their stocks on OKXICE, a stock tokenization platform jointly established by cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. As of now, the total number of companies raising objections has increased to 22, including tech giants such as Microsoft and Google's parent company Alphabet.
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Odaily reports: Six more companies—U.S. bank Wells Fargo, financial software firm Intuit, and chip design company Arm Holdings—have joined the list of companies opposing the tokenized trading of their shares, bringing the total number of objecting companies to 22. OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE), plans to push forward with tokenized stock trading.OKXICE initially proposed tokenizing 63 stocks and planned to support round-the-clock trading. The interim exemption framework introduced by the U.S. Securities and Exchange Commission (SEC) in September requires that issuers be informed of stock tokenization arrangements in advance and be able to formally raise objections.Andrew Cuomo, a board member of OKX and co-chair of OKXICE as well as former Governor of New York, said some companies may accept tokenization immediately, while others will first observe how things develop. He also noted that investor activity is increasingly crossing borders, while market trading hours remain constrained by traditional time windows. (Bitcoin.com News)
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Odaily reports: Prediction market platform Kalshi plans to launch exchange-traded futures contracts tracking the US Consumer Price Index (CPI) and core CPI in December. It is pitching the products to major banks and hedge funds and has hired former Barclays trader Michael Ashton, known as "Mr. Inflation," to design the contracts and expand institutional clients. If launched, this would become a unique futures product directly tracking CPI, helping institutional investors hedge against inflation and Federal Reserve interest rate change risks, and further positioning Kalshi to enter the traditional derivatives market dominated by CME Group (CME) and Intercontinental Exchange (ICE). Kalshi has confirmed it is developing CPI futures but did not disclose specific launch details. (Bloomberg)
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Odaily reports: Crypto data analytics platform Dune has announced the launch of real-time market data streams, with spot trading data available within approximately 1 second after a trade is executed, covering more than 200 on-chain trading platforms across 12 blockchain networks, including Solana, Ethereum, Base, BNB Chain, and X Layer; perpetual contract data streams will track trading on Hyperliquid and Lighter.Dune co-founder and CEO Fredrik Haga stated that on-chain trading currently accounts for approximately 25% of total crypto spot trading volume, and as tokenized asset trading develops, market demand for on-chain data continues to grow. Dune said the new data service will help hedge funds, asset managers, market makers, and brokers track on-chain price discovery within their existing market data systems. The company also noted that OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE), has submitted an application to list 63 tokenized stocks on X Layer. (The Block)
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The joint venture OKXICE, formed by cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, disclosed in an updated announcement that it has received objection notices from 16 issuers, involving companies such as Alphabet, Microsoft, and Goldman Sachs.Andrew Cuomo, co-chairman of OKXICE and former Governor of New York, stated that these notices do not constitute objections, and that some companies simply want to observe how the tokenized stock model operates before making a decision, adding that he expects more companies to raise similar concerns.OKXICE's proposed platform plans to cover 62 companies listed on U.S. exchanges, of which about 25% have raised objections. The platform is intended to operate 24/7 through permissioned Uniswap v4 liquidity pools deployed on XLayer, with tokenized stocks paired respectively with Tether's USDt, Circle's USDC, or Global Dollar's USDG. (Cointelegraph)
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Odaily reports: Cryptocurrency trading platform OKX launched its Shield account protection program in the United States on October 20, with eligible users able to receive up to $500,000 in coverage. The program covers certain unauthorized account takeovers caused by phishing, malware, and SIM-swap attacks, and users must enable passkeys and other security settings.Former New York Governor Andrew Cuomo said his interest in cryptocurrency began in 2011, and he currently serves on OKX's board of directors and co-chairs the company's joint venture with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. He supports OKX's push to tokenize US stocks and said some companies remain on the sidelines.Andrew Cuomo expects that the CLARITY Act will not receive a vote before the 2026 midterm elections, with the next opportunity possibly in January next year. He said the US Congress should reduce partisan strife and establish clearer federal rules for the digital asset market; companies such as Microsoft and Google parent Alphabet are currently cautious about tokenized stocks. (Bitcoin.com News)
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According to CoinDesk, seven companies including Microsoft, Alphabet, and Goldman Sachs have objected to trading tokenized versions of their stocks on the OKXICE platform, planned by OKX and the Intercontinental Exchange (ICE), bringing the number of publicly disclosed opposing issuers to 16. The newly added opponents also include Qualcomm, Caterpillar, McDonald’s, and Western Digital. The initial OKXICE announcement covered 63 stock tickers corresponding to 62 companies, 15 of which have already raised objections. Additionally, Cerebras Systems was not on the original proposed listing roster but has also raised an objection.
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Odaily reports: 9 public companies have formally objected to the issuance of tokenized versions of their stocks on a proposed platform backed by OKX and Intercontinental Exchange (ICE). ICE is the parent company of the New York Stock Exchange (NYSE).The companies involved include Cerebras Systems, AppLovin, Applied Digital, Rocket Lab, CoreWeave, Verizon Communications, Applied Optoelectronics, Broadcom, and UnitedHealth Group. The announcement did not disclose the specific reasons for each company's objection.Under the innovation exemption arrangement published by the U.S. Securities and Exchange Commission (SEC) on September 17, tokenized trading platforms must issue written notice to issuers and provide an opportunity to object before listing third-party tokenized stocks. Over the past 30 days, more than $754 million in funds have moved on-chain, with the total scale of stablecoins and tokenized assets reaching $320 billion. (Cointelegraph)
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According to The Information, AI compute company CoreWeave and semiconductor giant Broadcom have explicitly opposed a request by OKXICE, a joint venture between cryptocurrency exchange OKX and Intercontinental Exchange, to list and trade its shares on a blockchain.
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According to CoinDesk, Nasdaq-listed fintech firm Perpetuals.com (PDC) has formally submitted notice to operate a tokenized U.S. stock trading venue under the SEC’s five-year "innovation exemption" framework. The exemption permits specific markets to trade U.S. equities on public blockchains without registering as traditional securities exchanges, provided that the tokens carry identical shareholder rights to common stock, including dividend and voting rights. Perpetuals.com is the second company to apply for this exemption, following OKX and OKXICE, a joint venture between OKX and Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. Its U.S. market will be managed by Delaware-based subsidiary Kephas Corporation, facilitating trades through AMM liquidity pools on the Ethereum-compatible layer-2 network Kronos X Public, with the initial trading pair consisting of U.S. stock tokens and USDC. CEO Patrick Gruhn previously oversaw operations at FTX Europe and contributed to the development of early stock token products at both Binance and FTX. A full launch is anticipated as early as mid-November.
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Odaily News: Nasdaq-listed fintech company Perpetuals.com plans to offer tokenized U.S. stock trading services under the innovation exemption mechanism introduced by the U.S. Securities and Exchange Commission (SEC). The plan predates a related proposal from the joint venture between OKX and Intercontinental Exchange (ICE).Perpetuals.com CEO Patrick Gruhn previously co-founded Digital Assets AG, a company that developed stock-linked tokens for cryptocurrency exchanges including Binance and FTX, and was later acquired by FTX Group.Trading could potentially launch as early as mid-November, but the company still needs to complete technical and compliance preparations. (CoinDesk)
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