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4h ago

ICE and OKX Form 50-50 Venture to Build Tokenized Securities Infrastructure

The partnership intends to bring NYSE‑linked tokenized stocks and ICE futures to OKX’s user base if U.S. regulators approve broker‑dealer and futures operations.

Okx and nyse partner to bridge tradfi and crypto markets in joint venture led by andrew cuomo
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Andrew Cuomo has worked with the crypto exchange OKX since 2023.
Ice joins okx in 50 50 broker dealer deal targeting us tokenized equity markets

Overview

  • The 50-50 joint venture was announced Monday and formalizes a deeper operational tie after ICE took a minority stake in OKX in March.
  • Former New York governor Andrew Cuomo has been named co-chair of the new entity and ICE will share governance with OKX leadership.
  • The venture plans to seek U.S. broker‑dealer and futures commission merchant approvals before operating and targets a phased rollout in the second half of 2026.
  • Planned capabilities include on‑chain trading and instant settlement of tokenized equities, multi‑chain custody, clearing and risk systems, and data licensing of OKX spot prices to ICE products.
  • OKX’s roughly 120 million reported accounts are cited as the distribution scale for the product and the deal could expand retail access to regulated futures and tokenized stocks while reshaping custody and settlement flows between crypto platforms and traditional banks.