Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has formed a strategic partnership with cryptocurrency exchange OKX. The collaboration will see ICE license OKX’s spot crypto prices to develop new crypto futures products. In return, OKX will offer ICE’s futures and tokenized equities to its U.S. customers.
ICE also made a strategic investment in OKX, valuing the crypto firm at $25 billion. This partnership grants ICE a board seat on OKX and aims to leverage OKX’s blockchain infrastructure with ICE’s market technology. The joint venture will focus on advancing clearing, risk management, and multi-chain custody solutions.
"Our strategic relationship with OKX will expand global retail access to ICE’s pre-eminent regulated markets and accelerate our plans to offer on-chain infrastructure and tokenized assets to U.S. investors," stated Jeffrey C. Sprecher, ICE chair and CEO. Star Xu, founder and CEO of OKX, emphasized the goal of building a more reliable market structure that bridges digital assets and equities, enhancing price discovery and meeting institutional standards.