Andrew Cuomo to Co-Chair OKX and ICE Tokenization Venture

The initiative, announced June 22, remains subject to regulatory approval and represents a significant deepening of the partnership between the two firms. ICE previously invested in OKX earlier this year at a reported $25 billion valuation, signaling a strategic push to integrate digital assets into established market ecosystems. For Cuomo, the role marks a return to the public eye following his unsuccessful 2025 campaign for New York City mayor, during which he campaigned on a platform to establish the city as a global cryptocurrency hub.

Institutional interest in the sector continues to climb as banks and asset managers move beyond pilot programs. Citigroup estimates the market for tokenized real-world assets could reach $5.5 trillion by 2030, with a bullish scenario projecting figures as high as $8.2 trillion. As these institutions integrate blockchain technology, political influence remains a key factor; crypto-backed political action committees like Fairshake continue to exert influence in ongoing U.S. election cycles, though the local political climate in New York remains more cautious under current leadership.