OKX will launch tokenized US stock spot trading, with the first batch opening on July 16

Odaily Planet Daily News According to an official announcement, OKX will open the first batch of tokenized US stock spot trading on July 16. Users can hold and trade price exposure to underlying stocks or ETFs in units of "shares." Assets are named with an "X" prefix before the stock ticker (e.g., XNVDA, XTSLA). Deposits and withdrawals are supported via the Solana and X Layer networks, with 24/7 trading available, and trading pairs are quoted in USDT.

It is reported that the product enables trading 365 days a year. During non-trading hours, prices are calculated based on the latest closing price plus market estimates. Positions for these products, spot trading, and stock perpetual futures are unified under a single account. Users can trade directly with USDT without needing a brokerage account. The product supports automated trading via strategies such as Dollar-Cost Averaging (DCA) and Grid trading. Dividends will be reinvested at the issuer level and returned in the form of increased share balances.