Intercontinental Exchange and OKX announced Monday the formation of a 50/50 joint venture designed to bridge regulated traditional market infrastructure with the global crypto trading ecosystem — a deal that puts the owner of the New York Stock Exchange in a direct operating partnership with one of the world’s largest crypto exchanges.

The joint venture, subject to regulatory approvals, will operate as a U.S.-registered broker-dealer and futures commission merchant (FCM). 

Its primary function will be to give OKX’s 120 million customers access to ICE futures markets and NYSE tokenized equities — bringing the plumbing of global capital markets into crypto-native trading…

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