New York Stock Exchange owner Intercontinental Exchange and crypto exchange OKX are teaming up to launch digital financial products like tokenized securities.
The companies said Monday that they were setting up a 50-50 joint venture, called OKXICE, that will be co-chaired by former Governor of New York Andrew Cuomo and ICE Senior Vice President of Futures Markets Trabue Bland. Cuomo has worked with OKX since 2023, including representing and advising the exchange.
In an interview, Cuomo said the joint venture has already started working on oil futures products and that its first order of business is to get licensed as a futures commission merchant and broker-dealer. Ultimately, OKXICE's goal is to offer fully tokenized securities, pending regulatory clarity.