OKB, the native token of crypto trade OKX, jumped round 50% as we speak following information that Intercontinental Change, the publicly traded dad or mum firm of the New York Inventory Change, made a strategic funding within the platform, Fortune reported.
CoinMarketCap information reveals that OKB rose from $78 to roughly $118 shortly after the announcement. The token’s 24-hour buying and selling quantity additionally spiked by greater than 1,000%.
The leap represents one in all OKB’s largest single-day strikes because the token soared 170% on its tokenomics improve.
The deal, which reportedly resulted from a gathering final summer season between OKX government Haider Rafique and NYSE chairman Jeffrey Sprecher, values the trade at $25 billion and features a board seat for the buying and selling big.
Below the partnership, OKX will present ICE with crypto value feeds and plans to permit its customers to commerce tokenized shares and derivatives listed on the NYSE, a characteristic anticipated to launch in the second half of 2026. Monetary phrases of the funding weren’t disclosed.
The transfer displays rising efforts by conventional monetary corporations to broaden into blockchain-based markets.
ICE has invested within the prediction market Polymarket and is constructing an infrastructure for tokenized securities. MoonPay, a crypto funds firm, can also be into consideration for an funding by the Wall Avenue big, Bloomberg stated final December.
In the meantime, OKX is looking for to broaden its US presence following a latest settlement with the Division of Justice.
