OKB Token Surges 38% on NYSE’s OKX Investment at $25B Valuation
The New York Stock Exchange’s parent company has invested in crypto exchange OKX as part of a push into tokenized stocks.
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The New York Stock Exchange’s parent company has invested in crypto exchange OKX as part of a push into tokenized stocks.
Intercontinental Exchange will take a board seat at OKX and plans to bring NYSE-listed tokenized stocks and derivatives to the crypto exchange’s users in 2026.
NYSE parent company Intercontinental Exchange has invested in crypto exchange OKX at a $25 billion valuation as tokenization garners traction.
ICE also made a strategic investment in OKX at a valuation of $25 billion and plans to launch new tokenized stocks and crypto futures products.
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South Korea’s government and ruling party reportedly agreed on a proposal to cap major shareholder stakes in crypto exchanges at 20%, with limited exemptions for new operators.