The Intercontinental Exchange (ICE) has made a strategic investment in OKX, a blockchain technology and trading company serving more than 120 million people globally.
OKX was valued at $25 billion following the investment. The terms of the investment were not disclosed.
ICE will also have a board seat on OKX’s Board of Directors alongside its investment in the company and it will establish a broad strategic collaboration to leverage OKX’s blockchain infrastructure.
The two will launch a joint initiative on regulated crypto futures, with ICE licensing OKX’s spot crypto prices and launching US-regulated futures contracts tied to those markets.
Additionally, subject to regulatory approval, OKX will provide access to ICE’s US futures and NYSE tokenised equities markets, enabling OKX’s crypto-native users to have regulated access to ICE’s network of financial markets.
The companies’ relationship will also aim to advance clearing and risk management solutions, multi-chain custody and wallet architecture and the structural connectivity required for institutions to participate confidently in digital asset markets.
“Our strategic relationship with OKX will expand global retail access to ICE’s pre-eminent regulated markets and accelerate our plans to offer on-chain infrastructure and tokenised assets to US investors,” said Jeffrey C. Sprecher, ICE chair & CEO.
Star Xu, founder and CEO of OKX, said: “This relationship brings together OKX’s digital-asset execution stack and ICE’s regulated-market technology – operators of two high-performance matching engines and transparent order books. This will help build a more reliable market structure that bridges digital assets and equities, strengthens cross-market price formation, and meets institutional standards for risk and compliance.”
