OKX and Intercontinental Exchange will launch their tokenized securities trading venue on November 23 with more than 70 assets, including securities from Coinbase, Circle, Robinhood, BitGo, Securitize and Better.com, alongside 59 Direxion exchange-traded funds. The joint venture operates under the SEC's five-year Innovation Exemption, allowing tokenized venues to function without registering as national securities exchanges. However, 56 of 62 companies in the original target list have filed objections, concentrating the non-objecting portion in crypto-linked firms.
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