OKX · Tokenization · Wall Street · New York · Decrypt
ICE and OKX Are Teaming Up to Bring Tokenized Securities to Wall Street
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★ Tier-1 Source
NYSE owner Intercontinental Exchange (ICE) and the firm behind centralized crypto exchange OKX are forming a joint venture to build tokenization and digital asset products, the firms announced on Monday.
Key facts
- The venture will be co-chaired by ICE and former New York Attorney General and Governor Andrew Cuomo, who has been working with OKX since 2023
- Bland added that the firm hopes to broaden its offerings to the 120 million retail traders using OKX
- NYSE owner Intercontinental Exchange (ICE) and the firm behind centralized crypto exchange OKX are forming a joint venture to build tokenization and digital asset products, the firms announced
- The ICE-OKX joint venture is a step towards building the infrastructure that will define how global markets operate in the decades ahead,” Trabue Bland, senior vice president for futures exchanges
Summary
NYSE owner Intercontinental Exchange is forming a joint venture with crypto exchange OKX. Earlier this year ICE invested in OKX at a $25 billion valuation. The split venture is subject to regulatory approval, but if completed will offer OKX customers globally access to tokenized equities on the NYSE and exposure to futures contracts offered by ICE. “The ICE-OKX joint venture is a step towards building the infrastructure that will define how global markets operate in the decades ahead,” Trabue Bland, senior vice president for futures exchanges at ICE, said in a statement.