In a move that could have been lifted straight from a Vogon poetry recital, the Intercontinental Exchange – slyly masquerading as the guardian of capitalism and the parent company of the New York Stock Exchange – has, for a modest sum of 25 billion dollars, taken an equity stake in OKX, the favoured crypto exchange of middle‑aged tech geeks who enjoy having all their money in a place that looks suspiciously similar to a hypersonic speed bin.
Because what better way to cement peace among Wall Street and cyberspace than by letting OKX users hold tokenised versions of NYSE‑listed stocks and derivatives? Now you can literally own a stock that’s less tangible than your feelings about fiscal policy, all while your real money sits in a vault that nobody has ever loaned money from.
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2026-03-05 15:55