Intercontinental Exchange (NYSE: ICE) and OKX today announced the formal establishment of a joint venture to jointly build next-generation infrastructure for tokenized and digitally native financial products.
Intercontinental Exchange is one of the world's leading financial market technology and data service providers, with businesses that power global capital markets; OKX is one of the world's largest blockchain technology companies, serving over 120 million users globally.
Upon obtaining relevant regulatory approvals, the joint venture is expected to operate as a U.S.-registered broker-dealer and futures commission merchant (FCM), enabling OKX users in the U.S. and overseas to access ICE's futures markets and the New York Stock Exchange's (NYSE) tokenized equity market. This 50/50 equal-equity joint venture will also actively explore blockchain-enabled, regulatory-compliant adjacent market opportunities.
The joint venture will be co-chaired by ICE and former New York State Governor Andrew M. Cuomo. Cuomo served as the 56th Governor of New York State, New York State Attorney General, and U.S. Secretary of Housing and Urban Development, and has been collaborating with OKX since 2023.
"The next chapter of financial markets will depend on how well innovation and government regulation can work together," said Cuomo. "This partnership brings together OKX's world-class blockchain technology and ICE's trusted market infrastructure to help build a more modern, transparent, and resilient financial system for the future. I am particularly excited about the societal impact blockchain technology can bring—driving financial democratization and making basic financial services accessible to those who are currently underserved."
"The ICE and OKX joint venture is a step toward building the infrastructure that global markets will rely on for decades to come," said Trabue Bland, Senior Vice President of ICE Futures Exchange Business. "ICE's global benchmark products and regulated market technology have earned the trust of institutions and traders worldwide. Now, through our partnership with OKX, we are working to extend that reach to OKX's 120 million retail trading users."
The establishment of this joint venture marks the first major move following ICE's strategic investment in OKX in March of this year.
About Intercontinental Exchange (ICE)
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company that designs, builds, and operates digital networks connecting people to opportunity. We provide financial technology and data services across major asset classes, helping customers access critical workflow tools that enhance market transparency and operational efficiency. ICE's futures, equity, and options exchanges—including the New York Stock Exchange—and clearing houses serve investment, financing, and risk management needs. We operate the world's leading trading and clearing market for energy and environmental products. Our fixed income, data services, and execution businesses offer information, analytics, and platforms that help customers optimize processes and capture opportunities. In our ICE Mortgage Technology segment, we are reshaping the entire U.S. housing finance process—from initial consumer engagement through loan production, closing, registration, and the long-term servicing relationship. ICE is committed to transforming, streamlining, and automating industries, connecting customers to opportunity.
About OKX
OKX is a financial technology company widely known for its global cryptocurrency trading platform and on-chain wallet and marketplace. The company continuously develops technology and applications to modernize money and markets. As one of the world's fastest and most reliable crypto and payments apps, OKX has processed trillions of dollars in transactions for over 120 million users globally.
OKX's Americas headquarters is located in San Jose, California, with its Middle East headquarters in Dubai, and regional offices in São Paulo, New York, Hong Kong, Singapore, the Republic of Türkiye, Australia, and Europe. Over the past several years, OKX has built one of the most comprehensively compliant and licensed crypto companies globally, holding relevant licenses in the United States, the UAE, the European Economic Area (EEA), Singapore, Australia, and other markets.
OKX remains committed to transparency and security, publishing monthly Proof of Reserves reports.
