Foreign media reports indicate that Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), has announced a strategic partnership with cryptocurrency exchange OKX. The two companies will jointly develop tokenized equities and cryptocurrency futures products, and promote the integration of traditional financial markets with blockchain infrastructure. ICE's investment in OKX is reportedly valued at $25 billion, the amount of which was not disclosed. ICE will also join OKX's board of directors.
ICE authorizes OKX to provide market data; OKX offers tokenized stocks.
The core of this collaboration is the interoperability of market data and products between the two parties. OKX will open up trading of tokenized stocks and derivatives listed on the NYSE to users, which is expected to launch in the second half of 2026. At the same time, OKX will provide ICE with real-time price feeds of cryptocurrencies tradable on its exchange.
ICE acquires a board seat at OKX, deepening blockchain cooperation.
As part of the investment, ICE will acquire a seat on the OKX board of directors. The two companies also plan to establish a broader cooperation framework, combining OKX's blockchain infrastructure with ICE's market technology and trading systems. Future areas of cooperation will also include clearing and risk management technology, multi-chain custody, wallet architecture and asset management, cross-market trading and price formation mechanisms, and deep integration of traditional finance and the crypto market.
ICE Chairman and CEO Jeffrey C. Sprecher stated that this collaboration will expand global investors' access to ICE's regulated markets while accelerating the company's expansion in on-chain infrastructure and tokenized assets.
OKX founder and CEO Star Xu Xu pointed out that this collaboration will combine two high-performance matching engines and a transparent order book to help build a more reliable market structure, enabling a more efficient pricing mechanism between digital assets and the stock market, while meeting institutional-grade risk control and compliance standards. OKX Global Managing Director Haider Rafique also stated that the collaboration with ICE is highly symbolic and will unlock more new product and market opportunities in the future.
OKX receives investment from ICE, the parent company of the NYSE, at a valuation of $25 billion.
OKX has been rumored to be planning a US IPO for some time, and in the past, even industry insiders were reportedly shocked by the valuations offered by some exchanges. Now that OKX has confirmed an investment from its NYSE parent company at a valuation of $25 billion, does this mean that the IPO is truly just around the corner?
Notably, OKX's platform token, OKB, surged nearly 60% after the news was released. Before this article went to press, it had fallen back to $109, still representing a 40% increase. This translates to a FDV of approximately $2.29 billion. In comparison, competitor BNB has an FDV of approximately $90 billion, and Hyperliquid has approximately $30.7 billion.
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This article, which discusses ICE, the parent company of the New York Stock Exchange, acquiring a stake in cryptocurrency exchange OKX at a valuation of $25 billion, first appeared on ABMedia, a ABMedia .
