Intercontinental Exchange (ICE) has announced a strategic investment in crypto exchange OKX at a $25 billion valuation. This partnership will see ICE take a board seat at OKX, enabling the development of regulated crypto futures, global distribution of tokenized equities, and institutional infrastructure.
The collaboration aims to expand global retail access to ICE's regulated markets and accelerate plans for on-chain infrastructure and tokenized assets in the US. The firms outlined three core initiatives: regulated crypto futures, global distribution of tokenized equities, and institutional infrastructure development.
OKX founder Star Xu framed the deal as a convergence of parallel trading infrastructures, bringing together OKX's digital-asset execution stack and ICE's regulated-market technology. The investment marks another step in ICE's stated strategy to build on-chain infrastructure for trading, settlement, custody, and capital formation.