OKX taps Andrew Cuomo for ICE venture targeting tokenized NYSE equities
Former New York Governor Andrew Cuomo joined OKX’s board after advising since 2023, as the exchange and Intercontinental Exchange pursue a joint venture for tokenized NYSE-listed stocks and ICE futures.
OKX has formally appointed former New York Governor Andrew Cuomo to its board, extending an advisory relationship that began in 2023 and adding public-policy experience to the crypto exchange’s U.S. expansion. The appointment is tied to OKX’s 50-50 joint venture with Intercontinental Exchange, the parent of the New York Stock Exchange, which aims to offer tokenized NYSE-listed stocks and ICE futures contracts to OKX’s 120 million users, subject to regulatory approval and planned U.S. broker-dealer and futures commission merchant registrations. Bloomberg reported ICE’s March investment in OKX was worth about $200 million and valued the exchange at roughly $25 billion. Cuomo’s appointment follows OKX’s 2025 guilty plea to anti-money-laundering violations and payment of more than $500 million, after which it relaunched U.S. operations.
- tokenized equities: Stocks represented as digital tokens on blockchain-based infrastructure.
- broker-dealer: A regulated financial firm that buys and sells securities for clients or for its own account.
- futures commission merchant: A firm authorized to accept and handle orders and funds for trading futures contracts.