Liquidity Pools

OKXICE has notified the SEC of plans to launch a regulated tokenized stock trading venue in the United States. The proposed platform would begin with more than 60 U.S.-listed companies and preserve shareholder rights such as dividends and voting.

A temporary SEC framework for tokenized U.S. equities has moved blockchain-based trading closer to regulated capital markets. The shift underscores a widening policy challenge: technology is advancing while Congress remains divided over durable digital asset legislation.

The SEC is creating a regulated path for tokenized U.S. stocks to trade on public blockchains through smart contracts and liquidity pools. The framework keeps issuer rights, access controls, trading caps and public auditability at the center of the experiment.

The U.S. Securities and Exchange Commission has opened a conditional pathway for tokenized securities venues to list and trade qualifying tokenized stocks without registering as exchanges. The move gives blockchain-based platforms a five-year window to test onchain market models under SEC conditions while broader rulemaking remains unresolved.

Maya Protocol stopped trading on MAYAChain after an attacker used a sequence of software failures to distort pool accounting and extract bitcoin and other assets. The direct haul was estimated near $1.65 million, while the broader liquidity-pool impact reached about $10.9 million as CACAO collapsed.