Strategic Investment by NYSE Parent Company in OKX, Valuation Estimated at $25 Billion, Driving OKB Up 55%. Both Parties Will Collaborate to Promote Tokenized Securities, Helping OKX Reenter the U.S. Market.
Intercontinental Exchange (ICE), parent company of the New York Stock Exchange (NYSE), announced last night (3/5) that it has made a strategic investment in the cryptocurrency exchange OKX, valuing it at $25 billion.
Under the strategic investment agreement, ICE will gain a seat on OKX’s board of directors and obtain authorization for OKX’s cryptocurrency spot price data, used to launch U.S.-regulated crypto futures products. At the same time, OKX will be able to offer ICE futures and tokenized stock trading services to U.S. customers.
Following the news, the price of OKX platform token $OKB surged by 55%, though the increase has since narrowed, falling back to $99.87.
Image source: CoinMarketCap NYSE parent company ICE’s strategic investment in OKX, OKB once soared
Regarding the cooperation, OKX CEO Star stated that the financial markets are entering a period of structural transformation. Blockchain technology enables assets to move and settle globally with high efficiency, and AI is reshaping market analysis and risk management.
While technological development progresses, market expectations for security, transparency, and investor protection remain crucial. The next-generation financial infrastructure must incorporate these elements.
Star pointed out that tokenized securities and digitization of traditional assets have enormous potential. Future issuers can directly issue securities to global investors via digital infrastructure, continuing to benefit from the governance and regulatory frameworks of traditional exchanges.
The collaboration with ICE and the NYSE ecosystem provides OKX with an opportunity to responsibly explore these models.
Image source: X OKX CEO Star’s statement on ICE Group’s investment in NYSE
Recently, NYSE has been active in the cryptocurrency field. In January, it announced the development of a blockchain-based platform dedicated to tokenized securities trading, expected to launch later this year. If approved by regulators and launched, it will break the traditional stock market trading hours, enabling 24/7 trading.
NYSE plans to use a private blockchain network, combining the existing Pillar matching engine and backend infrastructure to build the platform. The platform is expected to support 24-hour trading, real-time settlement, dollar-based orders supporting fractional shares, and allow funds to be managed with stablecoins.
According to Forbes, Michael Blaugrund, Vice President of Strategic Planning at ICE, stated that this platform, in cooperation with OKX, is a complementary project, and both will operate independently.
In April 2025, OKX will re-enter the U.S. market. Previously, the exchange reached a $500 million settlement with the U.S. Department of Justice, admitting to providing services to U.S. customers without a money transfer license and violating anti-money laundering laws.
OKX issued a statement emphasizing that the company will continue to prioritize compliance and innovation. In June 2025, OKX Global Corporate Affairs Partner Haider Rafique mentioned in an interview that they are building a more solid foundation for the U.S. market and are considering an initial public offering (IPO) in the U.S..