OKX files for 24/7 tokenized stock trading in US markets

OKX (via OKXICE) is pursuing regulatory approval to offer tokenized equity trading outside traditional market hours, which could expand their addressable market and revenue streams if approved. The regulatory outcome is uncertain and the business model faces significant legal/compliance hurdles, limiting near-term price impact unless regulatory guidance emerges definitively.

A crypto exchange is asking US regulators to let it offer stocks as digital tokens that people can trade 24/7, not just during normal market hours. It's a long-shot bid to get into a traditional finance market.