Global trading giant Intercontinental Exchange (ICE) has entered into a strategic partnership with crypto trading firm OKX to launch new tokenized stocks and crypto futures products.
ICE also made a strategic investment in OKX, reflecting a valuation of $25 billion, according to a press release. Investment terms were not disclosed.
The deal will see the New York Stock Exchange owner license spot crypto pricing for OKX’s crypto futures products, and OKX will offer ICE futures and tokenized stocks, the companies announced Thursday.
In addition to this investment, ICE will become a member of OKX’s board of directors and establish a broader collaboration to leverage OKX’s blockchain infrastructure alongside ICE’s marketplace technology, the release states.
According to the companies, the joint venture will also aim to advance clearing and risk management solutions, multi-chain custody and wallet architectures.
“Our strategic relationship with OKX expands ICE’s global retail access to premier regulated markets and accelerates our plans to offer on-chain infrastructure and tokenized assets to U.S. investors,” said Jeffrey C. Sprecher, ICE Chairman and CEO.
OKX founder and CEO Star Xu said the relationship will bring together two high-performance matching engines and a transparent order book operator, “contributing to building a more reliable market structure that bridges digital assets and equities, enhances cross-market price formation, and meets institutional standards for risk and compliance.”
Haider Rafiq, global managing director at OKX, who was instrumental in closing the deal with ICE, said in an email: “This relationship is truly unique. We couldn’t be more excited about the new opportunities and products that come with working with such a respected and focused partner.”
