OKX and NYSE partner in joint venture to bridge tradfi and crypto
Former NY Governor Andrew Cuomo leads a joint venture between OKX and NYSE owner ICE to build regulated infrastructure bridging traditional and digital asset markets.
Former New York Governor Andrew Cuomo is leading a joint venture between OKX and Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, to build regulated infrastructure that bridges traditional finance and cryptocurrency markets.
The partnership, announced Monday, aims to create a registered broker-dealer and futures commission merchant subject to regulatory approvals. The venture would enable OKX's 120 million users to access traditional financial products while giving ICE's institutional clients exposure to digital assets. Trabue Bland, senior vice president at ICE, said the project represents a step toward defining how global markets will operate in the coming decades. For crypto traders, this development signals growing institutional acceptance and could lead to more seamless integration between crypto and traditional finance, potentially increasing liquidity and reducing friction for cross-market transactions. NowPrice's crypto page provides real-time pricing for major digital assets as this infrastructure evolves.
Market participants will watch for regulatory decisions from U.S. authorities, as the venture requires approvals to operate as a broker-dealer and futures merchant. The involvement of a former regulator like Cuomo may smooth the approval process. If successful, the model could be replicated by other exchanges seeking to bridge the gap between tradfi and crypto, further legitimizing digital assets in the eyes of institutional investors.