New York Stock Exchange makes surprise investment in OKX… “Accelerating blockchain business”

The New York Stock Exchange (NYSE) has made an investment in global cryptocurrency exchange OKX.

According to Fortune on the 5th (local time), Intercontinental Exchange (ICE), the NYSE’s parent company, recently decided to invest in OKX. The specific amount was not disclosed. The investment valued OKX at $25 billion.

The NYSE is said to have been in investment talks with OKX since last year. Fortune reported that “the NYSE’s investment in OKX is part of an expansion into blockchain-based equity businesses.”

Earlier this year, the NYSE began developing a tokenized securities exchange. Through the platform, it plans to offer stock trading 24 hours a day, seven days a week. The existing NYSE operates only five days a week and halts trading overnight. The NYSE is also considering supporting stablecoin payments on the exchange.

In October last year, ICE also made a large-scale investment in Polymarket, the world’s largest prediction-market platform. At the time, ICE said it would work with Polymarket to pursue tokenization-related projects.