ICE and OKX form joint venture OKXICE for tokenized products and market access

Intercontinental Exchange, the parent of the New York Stock Exchange, and crypto exchange OKX have formed a 50-50 joint venture called OKXICE to build infrastructure for tokenized equities and digital financial products. The venture plans to seek U.S. broker-dealer and futures commission merchant registrations, which, if approved, could give OKX’s 120 million users access to tokenized NYSE-listed stocks and ICE futures contracts. Former New York Governor Andrew Cuomo will co-chair the venture with Trabue Bland, ICE’s senior vice president of futures exchanges, and Cuomo said oil futures products are already in development. The announcement deepens a relationship that followed ICE’s strategic stake in OKX in March, reported by The Wall Street Journal as roughly $200 million at a valuation of about $25 billion, as ICE continues to expand its digital-asset ambitions through bets including Bakkt and Polymarket. The launch also comes after OKX settled a U.S. federal investigation in 2025 for more than $500 million and admitted guilt to charges tied to illegal U.S. operations, putting added focus on the venture’s compliance-driven structure.