ICE and OKX form joint venture to connect traditional and digital asset markets.
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ICE and OKX form joint venture to connect traditional and digital asset markets. Intercontinental Exchange and OKX have announced a 50-50 joint venture to build infrastructure for tokenized and digitally native financial products, pending regulatory approval. Intercontinental Exchange (NYSE: ICE) and global blockchain technology company OKX have announced the formation of a joint venture aimed at building next-generation infrastructure for tokenized and digitally native financial products. The 50-50 venture, subject to regulatory approvals, is expected to operate as a U.S. registered broker dealer and futures commission merchant (FCM). Its primary purpose will be to enable OKX's customers, both in the U.S. and internationally, to access ICE futures and NYSE tokenized equities markets. The partnership will also explore regulatory-compliant blockchain-enabled markets beyond those initial offerings. The joint venture will be co-chaired by ICE and former New York Governor Andrew Cuomo, who has worked with OKX since 2023. Cuomo previously served as New York State Attorney General and U.S. Secretary of Housing and Urban Development. "This partnership brings together OKX's world-class blockchain technology and ICE's trusted market infrastructure to help build a more modern, transparent, and resilient financial system for the future," said Cuomo. Trabue Bland, Senior Vice...
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