JAKARTA - Intercontinental Exchange (ICE), the global exchange operator that oversees the New York Stock Exchange (NYSE), has partnered with blockchain technology company OKX to form a joint venture (joint venture) focused on developing a financial infrastructure based on tokenization and digital assets.
Through the joint venture with a 50:50 ownership composition, both companies plan to provide OKX customers with access to the ICE futures market as well as stocks listed on the NYSE in a tokenized format.
This step is expected to expand the reach of the traditional capital market to the blockchain ecosystem.
Pending regulatory approval, the new entity is targeted to operate as a registered broker-dealer and futures commission merchant (FCM) in the United States.
The 56th Governor of New York, Andrew M. Cuomo, who will be co-chair of the joint venture with ICE, said this collaboration is an effort to bring together blockchain technology innovation with the financial market regulatory framework.
"The next phase of the financial market will be determined by the ability of innovation and regulation to move together," Cuomo said in a statement.
Senior Vice President of Futures Exchanges at ICE, Trabue Bland, assessed that the partnership opens up opportunities for millions of OKX retail users to access the market infrastructure that has been widely used by global financial institutions.
The formation of this joint venture is a continuation of the strategic relationship between the two companies after ICE in March 2026 invested a minority investment of around US$200 million into OKX. The investment is said to have been made at a company valuation of around US$25 billion.
Previously, ICE and OKX had also launched a crypto-based perpetual futures contract product for oil commodities aimed at users outside the United States.
Through the joint venture, both parties will develop various blockchain-based products that still comply with regulatory provisions.
One of its main focuses is the tokenization of assets listed on the NYSE so that they can be traded in a digital format.
This step is considered a stronger signal of convergence between traditional financial markets and blockchain technology, amid the increasing global interest in the tokenization of real-world assets (RWA).
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