ICE and OKX Launch Joint Venture to Deliver Tokenised Markets Infrastructure

Intercontinental Exchange (ICE) and OKX have partnered to launch a new US broker dealer and FCM joint venture, aiming to deliver infrastructure for tokenised and digitally native products.

The joint venture will operate as a US broker dealer and FCM, allowing OKX's US and global users to access ICE futures and NYSE tokenised equities markets. The two firms have confirmed that the equally split 50-50 venture will leverage both OKX's blockchain technology and ICE's market infrastructure.

ICE had previously made a $25 billion investment into OKX, with the deal including licensing of OKX spot crypto prices and the launch of US regulated futures. Trabue Bland, senior vice president, futures exchanges at ICE, said 'The ICE-OKX joint venture is a step towards building the infrastructure that will define how global markets operate in the decades ahead.'