Andrew Cuomo to Lead Crypto Venture With New York Stock Exchange Owner

Summary

Former Governor Andrew Cuomo is advising OKX and ICE/NYSE on a joint venture to offer tokenized US equities to overseas users. Bloomberg’s Katherine Doherty outlines the defensive rationale for ICE, the partnership's structure, and how it fits into the broader trend of exchanges adopting digital assets and prediction markets.

• Andrew Cuomo has been advising OKX since 2023 and will help the joint venture navigate US regulation.
• OKX seeks a regulated US foothold while ICE’s NYSE explores stock tokenization.
• The venture aims to let overseas clients trade tokenized US equities through a compliant venue.
• ICE’s move is partly defensive, countering disruption from crypto-native exchanges and new technologies.
• ICE has also partnered with Polymarket, viewing prediction markets as a source of new customers and institutional data.
• CME and other large exchange operators are similarly watching new entrants and technology shifts.