Former New York Governor Andrew Cuomo is taking on a new role in the digital asset industry, joining a venture between crypto exchange OKX and NYSE’s parent company Intercontinental Exchange (ICE) for bringing TradFi and cryptocurrency markets closer together.

Cuomo will serve as co-chair of a newly announced joint venture between OKX and ICE, alongside Trabue Bland, ICE’s senior vice president of futures exchanges.

The venture plans to launch a U.S.-registered broker-dealer and futures commission merchant, subject to regulatory approvals.

The platform would allow OKX to expand its reach among U.S. investors while giving international customers access to ICE futures products and NYSE-listed tokenized equities.

"I think that is going to be a very, very powerful combination," Cuomo said in an interview to Bloomberg.