- OKX and Intercontinental Exchange (ICE), parent of the NYSE, announced a joint venture co-chaired by former NY Governor Andrew Cuomo to build infrastructure for digital assets.
- The venture, subject to regulatory approval, would allow OKX users to access ICE futures and NYSE tokenized equities markets.
- ICE previously invested in OKX at a $25 billion valuation in March and has pledged a $2 billion investment into prediction markets platform Polymarket.
- Cuomo, who lost the 2025 NYC mayoral race, has worked with OKX since 2023 and previously campaigned to make the city a crypto capital.
Former New York Governor Andrew Cuomo is stepping back into the public arena to co-chair a new digital assets joint venture between cryptocurrency exchange OKX and the Intercontinental Exchange (ICE), the companies announced Monday. This partnership aims to construct next-generation infrastructure for tokenized financial products, bridging traditional and digital markets.
According to their joint statement, the venture would permit OKX users to access ICE futures and NYSE tokenized equities markets, pending regulatory approvals. This development follows a prior partnership in March where ICE made an undisclosed investment in OKX at a $25 billion valuation.
Cuomo has largely been out of the public eye since his failed 2025 mayoral bid, a race where he vowed to make New York City the “global capital for cryptocurrency.” He was endorsed by the crypto-aligned Innovate NY PAC but lost to Democrat Zohran Mamdani, who secured over 50% of the vote.
ICE‘s forays into crypto extend beyond this joint venture, including a massive $2 billion investment pledge into prediction markets platform Polymarket. Meanwhile, Mayor Mamdani, who took office in January, has announced no significant crypto policies and confirmed he holds no digital assets.
Consequently, the political landscape for crypto continues to evolve as New York, Utah, and Maryland hold party primaries for Congressional seats on Tuesday. Cryptocurrency-aligned political action committees like Fairshake have poured money into advertising to support industry-favorable candidates in the upcoming general election.
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