Cryptocurrency exchange OKX and Intercontinental Exchange (ICE), the 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 Monday’s announcement, OKX and ICE he said Cuomo, who lost his bid for mayor of New York in 2025, would co-chair a 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 will allow OKX users “to access ICE futures and tokenized NYSE equity markets,” is subject to regulatory approval.

Cuomo has been largely out of the public eye since his unsuccessful 2025 mayoral campaign, in which he declared he intended to make New York the “global cryptocurrency capital.” He had the support of the cryptocurrency-linked political action committee Innovate NY (PAC), but lost to Democratic candidate Zohran Mamdani, who secured over 50% of the vote. The former governor started working with OKX in 2023.

The announcement of the joint venture 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’s ventures into the cryptocurrency industry also included a $2 billion investment commitment in prediction markets platform Polymarket.

Related: NYSE owner ICE will launch crude oil-linked futures contracts with OKX

Since taking office on January 1, Mamdani has not announced any significant policies related to cryptocurrencies or blockchain. In January, he confirmed that he did not own any digital assets as mayor of New York.

The party’s primary elections will be held on Tuesday in New York

New York, Utah and Maryland will hold primary elections on Tuesday to determine candidates for the U.S. House of Representatives and Senate seats in the November general election. Cryptocurrency-related PACs, including Fairshake, have contributed money to ads and other campaign activities to support candidates they see as beneficial to the digital asset industry.

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