Former New York Governor Andrew Cuomo will co-chair a new joint venture involving cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent of the New York Stock Exchange. Multiple outlets report that Cuomo, who has advised OKX since 2023, is set to lead efforts to connect blockchain-based trading with traditional U.S. market infrastructure. The initiative is described as aiming to tokenize financial products and expand access to 24/7 digital trading for assets listed on the NYSE. OKX is expected to bring its crypto exchange capabilities, while ICE contributes its role as the owner of the NYSE and its market and derivatives platforms. One report says the venture will operate as a U.S. regulated broker-dealer and futures commission merchant, subject to regulatory approvals. Another outlet frames Cuomo’s involvement as part of a broader push by market participants and public figures toward digital-asset projects. The announcements emphasize that the venture’s launch depends on obtaining the necessary regulatory permissions and that it is intended to allow customers, both in the U.S. and overseas, to access tokenized equities-related markets and ICE futures.
Andrew Cuomo to co-chair OKX-ICE venture for tokenized NYSE assets
Former New York Governor Andrew Cuomo will co-chair a new joint venture involving cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the parent of the New York Stock Exchange. Multiple o...
- Andrew Cuomo is named to co-chair a joint venture between OKX and Intercontinental Exchange (ICE), the NYSE owner.
- The venture focuses on tokenizing financial products and enabling more continuous, 24/7 digital trading for NYSE-listed assets.
- OKX has advised Cuomo since 2023, and the outlets describe his role as chairing or co-chairing the project.
- The effort involves regulated entities in the U.S., described as a broker-dealer and futures commission merchant.
- Regulatory approvals are required before the venture can operate as planned.
Bloobmerg's Katherine Doherty joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." Former New York Governor Andrew Cuomo is starting a second act: Helping cryptocurrency exchange operator OKX and the owner of the New York Stock Exchange build a new business that merges digital and traditional finance markets. (Source: Bloomberg)
2 months agoThe former New York governor will chair a new effort aimed at tokenizing financial products on chain and bringing 24/7 digital trading to NYSE-listed assets.
2 months agoThe venture is subject to regulatory approvals but will be co-chaired by ICE and former New York Governor Andrew Cuomo, who began working with OKX in 2023.
2 months agoBlockchain company OKX has launched a joint venture with New York Stock Exchange owner Intercontinental Exchange. The collaboration, announced Monday (June 22) will operate as a U.S. regulated broker dealer and futures commissions merchant, allowing OKX’s American and overseas customers to access Intercontinental Exchange (ICE) futures and New York Stock Exchange (NYSE) tokenized equities markets. The […] The post Andrew Cuomo Chairing OKX-Intercontinental Exchange Blockchain Project appeared first on PYMNTS.com.
2 months agoFormer New York governor’s role highlights how politicians are rushing into digital assets sector
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