Former New York governor Andrew Cuomo will co-chair a joint venture between Intercontinental Exchange and crypto platform OKX to develop infrastructure for tokenized equities and crypto futures. The initiative aims to connect OKX's 120 million users with NYSE markets and ICE products, subject to regulatory approval.
The venture follows an earlier March partnership and ICE's strategic investment in OKX at a $25 billion valuation. It will seek to operate as a U.S.-registered broker-dealer and futures commission merchant.
Trabue Bland, senior vice president at ICE, said in a Monday statement that the joint venture represents "a step towards building the infrastructure that will define how global markets operate in the decades ahead."
Cuomo added that the partnership combines OKX's blockchain technology with ICE's market infrastructure to support a more modern financial system. The effort also aligns with ICE's existing investments in Bakkt and a $2 billion stake in Polymarket.
The companies said the project will explore additional blockchain-enabled opportunities once approvals are secured.
