NYSE Owner ICE Takes Stake in OKX at $25 Billion Valuation, Plans Tokenized Assets
Intercontinental Exchange (ICE) owns the New York Stock Exchange, while OKX is a major cryptocurrency exchange. The partnership combines ICE’s market infrastructure and regulatory expertise with OKX’s blockchain technology. It aims to bring tokenized U.S. equities and cryptocurrency derivatives to a broader range of investors, accelerating the convergence of traditional finance and digital assets.
As of July 19, 2026, ICE had announced a strategic investment in OKX at a $25 billion valuation and secured a board seat. The amount invested was not disclosed. The companies also established a joint venture led by Andrew Cuomo, with plans to offer tokenized stocks and cryptocurrency futures to OKX’s roughly 120 million users. The news briefly sent OKB up 50% to above $120.
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The history behind this eventICE and OKX Form Joint Venture to Tokenize NYSE Stocks
Intercontinental Exchange (ICE) is the parent company of the New York Stock Exchange (NYSE), while OKX is a global cryptocurrency exchange. The companies aim to combine traditional equities with blockchain tokenization technology, allowing NYSE-listed assets to be issued, traded and settled digitally. They also plan to build infrastructure for native digital financial products within the U.S. regulatory framework.
ICE and OKX have formed a new 50-50 joint venture and named former New York Governor Andrew Cuomo as co-chair. The investment amount has not been disclosed. The company will pursue the tokenization of NYSE-listed stocks and other assets, develop next-generation trading infrastructure, and later seek U.S. securities and futures brokerage licenses. As of July 19, 2026, no timeline for the license applications had been announced.
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