Named OKXICE and co-chaired by former New York Governor Andrew Cuomo, the venture plans to register as a U.S. broker-dealer and futures commission merchant, opening NYSE-listed equities and ICE futures to OKX's 120 million users on-chain.

It deepens a relationship that began with ICE's $200M investment in OKX at a $25B valuation earlier this year. Both sides say they will explore additional blockchain-based markets, subject to regulatory approvals.

The owner of the New York Stock Exchange and one of the largest global crypto exchanges splitting a tokenized-markets venture down the middle marks one of the deepest TradFi and crypto tie-ups to date.