ICE and OKX Launch Joint Venture for Tokenized Markets

Intercontinental Exchange (ICE) and crypto exchange OKX have formed a joint venture to provide infrastructure for tokenized and digitally native products.

The new company, which is subject to regulatory approvals, will operate as both a US broker dealer and FCM, allowing OKX's users in the US and globally to access ICE futures and NYSE tokenized equities markets.

The joint venture is an equally split 50-50 venture between the two firms, leveraging OKX's blockchain technology and ICE's market infrastructure. Governor Andrew M. Cuomo, co-chair of the joint venture, believes that 'the next chapter of financial markets will be defined by how well innovation and government regulation can move forward together.'

This is the latest development in the ongoing strategic partnership between ICE and OKX, following a $25 billion investment from ICE into OKX earlier this year. The deal includes joint initiatives across market structure design, clearing and risk management, data, and institutional access to digital assets.