Cryptocurrency exchange OKX and the Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, announced that former New York Governor Andrew Cuomo will co-lead a joint venture focused on digital assets.
In a notice on Monday, OKX and ICE said Cuomo, who lost his bid to be mayor of New York City in 2025, would co-chair the joint project between the two companies “focused on building next-generation infrastructure for tokenized and digitally native financial products.” The venture, which the companies say would allow OKX users to “access the ICE futures and tokenized stock markets of the New York Stock Exchange,” is subject to regulatory approval.
Cuomo has largely been out of the public eye since his failed 2025 mayoral bid, in which he said he intended to make New York City the “global cryptocurrency capital.” He was backed by the cryptocurrency-aligned political action committee (PAC) Innovate NY, but lost to Democratic candidate Zohran Mamdani, who received more than 50% of the vote. The former governor began working with OKX in 2023.
The joint venture notice followed a partnership between ICE and OKX announced in March in which the former invested an undisclosed amount in the exchange at a valuation of $25 billion. ICE ventures into the crypto industry also included a $2 billion investment pledge in prediction markets platform Polymarket.
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Since taking office on January 1, Mamdani has not announced any major policies related to cryptocurrencies or blockchain. He confirmed in January that he owns no digital assets as mayor of New York City.
New York to hold party primaries on Tuesday
On Tuesday, New York, Utah and Maryland will hold primaries to determine candidates for U.S. House and Senate seats in the November general election. Cryptocurrency-aligned PACs, including Fairshake, have poured money into advertising and other campaign efforts to support candidates they view as favorable to the digital asset industry.
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