Intercontinental Exchange, the parent company of the New York Stock Exchange, has invested in crypto exchange OKX at a $25 billion valuation as part of a broader effort to bring traditional securities onto blockchain-based trading rails.
The investment will give ICE a seat on OKX’s board, though the financial terms of the deal were not disclosed, Fortune reported Thursday. Executives from both companies reportedly said the partnership reflects a shared view that tokenized financial assets will play a growing role in global markets.
Tokenization trend
A central piece of the collaboration involves integrating traditional equities with crypto infrastructure. Under the arrangement, OKX plans to allow users to trade tokenized stocks and derivatives listed on the New York Stock Exchange, with the feature expected to launch in the second half of 2026.
Tokenization refers to the process of representing financial assets such as equities on blockchain networks, a structure proponents say could reduce trading costs and enable round-the-clock global access to markets.
In addition to the tokenization initiative, OKX will provide ICE with real-time price feeds for cryptocurrencies traded on its platform.
The investment signals a deepening relationship between traditional financial market operators and digital asset firms as trading habits shift toward blockchain-based infrastructure.
Intercontinental Exchange has already taken several steps in that direction. In October, The Block reported that the exchange operator lined up a $2 billion investment in the prediction market platform Polymarket, in a deal that valued the startup at roughly $9 billion at the time.
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