Intercontinental Exchange, the owner of the New York Stock Exchange, is investing in cryptocurrency exchange OKX to step up its entry into the tokenised stock market, Cointelegraph reported on March 5 local time.
ICE valued OKX at $25 billion in the investment.
The move will bring ICE onto OKX’s board, and ICE plans to offer tokenised NYSE-listed shares and derivatives from 2026.
The two companies will provide real-time price feeds for crypto assets traded on the OKX platform through the partnership. They also plan to open ICE U.S. futures and the NYSE tokenised stock market to OKX users. Hyder Rafique (하이더 라피크), OKX global managing partner, said it was a strategic partnership to expand tokenised securities and derivatives globally.
ICE will use the investment to accelerate the build-out of blockchain-based financial infrastructure.
Chi-gyu Hwang
delight@d-today.co.kr