One of New York\u2019s most prominent politicians is pivoting to digital assets. Andrew Cuomo, the former governor of New York and a New York City mayoral candidate in 2025, will co-chair a joint venture between the owner of the New York Stock Exchange and the crypto exchange OKX, the two companies announced on Monday.<\/p>\n
The project will focus on taking NYSE-listed assets and tokenizing them, or putting them into blockchain wrappers, said an OKX spokesperson. Intercontinental Exchange<\/a>, which owns the prominent stock exchange, will also work with OKX to provide the crypto company\u2019s users with access to tokenized futures and equities, added the spokesperson.<\/p>\n \u201cYou can virtually walk through the front door of the New York Stock Exchange through your smartphone, and you can do that seven days a week in a way you never could before,\u201d Cuomo told Fortune.<\/p>\n The venture comes after Intercontinental Exchange (ICE) announced<\/a> in March that it had invested in OKX at a $25 billion valuation. The NYSE owner put roughly $200 million into the crypto exchange, according to Bloomberg<\/a>.\u00a0<\/p>\n Cuomo\u2019s role appears to be the New York politician\u2019s next act after he lost to Zohran Mamdani in New York City\u2019s 2025 mayoral election. Cuomo said he will spend the majority of his time overseeing the joint venture between ICE and OKX, while also working with a handful of nonprofits and philanthropies that he declined to name. ICE Senior Vice President Trabue Bland will co-chair the project with Cuomo.<\/p>\n \u201cThis blockchain has potential that we have not even realized,\u201d said the former governor.<\/p>\n \u2018This is not about crypto\u2019<\/p>\n This isn\u2019t the first time that the New York politician has worked with OKX. In 2021, Cuomo resigned from the governor\u2019s office after multiple women alleged that he had sexually harassed them. He has repeatedly denied those accusations.\u00a0<\/p>\n After his resignation, Cuomo, who was once New York attorney general, began advising OKX in 2023 as it navigated an investigation from the Department of Justice. In 2025, the crypto exchange agreed to a $500 million settlement and pleaded guilty to violating anti-money laundering laws. Following the plea deal, OKX relaunched<\/a> in the U.S. and has sought to ride a wave of institutionalization as Wall Street dives into digital assets amid a friendlier administration under President Donald Trump.<\/p>\n In an interview, the former governor, who isn\u2019t working with other crypto companies, said he was a supporter of blockchain technology, not crypto. The terms are often used interchangeably, but many associate the latter with memecoins and the industry\u2019s less reputable characters. (Cuomo said he \u201cdidn\u2019t really follow\u201d the memecoin<\/a> launched by former New York Mayor Eric Adams in January.)<\/p>\n \u201cThis is not about crypto,\u201d Cuomo said, referring to the joint venture he was co-chairing. \u201cThis is about blockchain and financial technology, and applying blockchain to other assets.\u201d<\/p>\n The politician didn\u2019t disclose whether he owned cryptocurrencies. \u201cI own multiple asset classes,\u201d he said. And he didn\u2019t rule out a return to politics. \u201cNo plans,\u201d he said, when asked whether he was thinking of his next political act. \u201cBut never say never.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"One of New York\u2019s most prominent politicians is pivoting to digital assets. 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