Intercontinental Exchange files SEC application to trade US stocks 24/7 on crypto exchange settled in stablecoins
Intercontinental Exchange, which owns the New York Stock Exchange, filed with the SEC on Saturday through a joint venture with OKX to enable round-the-clock trading of more than 60 US stocks on a crypto exchange. The offering would settle trades in stablecoins held in customer-controlled wallets and include dividend payouts and voting rights for holdings including Apple, Nvidia, Tesla, Goldman Sachs, and JPMorgan. Commentator Scott Melker characterizes the move as market structure replacing pieces of Wall Street rather than Wall Street adopting crypto.
โ Verified
- โIntercontinental Exchange filed an SEC application on Saturday to trade more than 60 US stocks on a crypto exchange through a joint venture with OKX. (Yahoo Finance/trusted journalist source, 79 MSM articles corroborate)
- โThe offering would settle in stablecoins held in customer-controlled wallets. (Yahoo Finance, verified across MSM coverage)
- โStocks listed include Apple, Nvidia, Tesla, Goldman Sachs, and JPMorgan. (Yahoo Finance, verified across MSM coverage)
- โThe tokens would carry real dividends and voting rights. (Yahoo Finance, verified across MSM coverage)
~ Interpretation
- ~This represents market structure replacing pieces of Wall Street rather than Wall Street adopting crypto. (Scott Melker analysis, per source characterization)
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