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Home/News/NYSE Owner ICE and OKX Form Joint Venture for Tokenized Securities
Decrypt·2h ago·positive

NYSE Owner ICE and OKX Form Joint Venture for Tokenized Securities

NYSE owner Intercontinental Exchange and crypto exchange OKX are forming a joint venture to build tokenized securities infrastructure, giving OKX's 120 million retail users access to NYSE equities and ICE futures.

  • ICE (NYSE owner) and OKX announced a joint venture to tokenize NYSE-listed equities and offer ICE futures products to OKX's 120 million retail traders.
  • The venture will be co-chaired by former New York Governor Andrew Cuomo, who has worked with OKX since 2023.
  • ICE invested in OKX earlier this year at a $25 billion valuation, taking a minority stake.
  • The joint venture is subject to regulatory approval and aims to bridge traditional finance with crypto infrastructure.
exchangeregulationImpact 8/10
Why our editor rated this positive

A major traditional finance institution (NYSE/ICE) partnering with a top crypto exchange signals growing institutional adoption and legitimacy for tokenized assets, which is positive for the crypto industry.

Read the full story at Decrypt

Coinporta summarises news for fast scanning. Full reporting belongs to the source.

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