ICE, OKX Form Crypto Joint Venture -- WSJ

Dow Jones06-22

By Vicky Ge Huang

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.

The joint venture comes after ICE made a roughly $200 million investment in OKX earlier this year in a deal that valued the exchange at $25 billion.

Founded in China in 2013, OKX is one of the world's largest crypto exchanges. The platform has been expanding its U.S. presence after agreeing to pay more than half a billion dollars last year to resolve a federal investigation. The company behind OKX pleaded guilty to illegally serving U.S. customers.

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June 22, 2026 08:00 ET (12:00 GMT)

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