OKX has officially established a joint venture with the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), with each party holding a 50% stake and directly entering the market as a licensed broker (FCM) in the United States. What they are going to do this time is very pure, directly targeting OKX's 120 million global users and fully connecting the ICE futures market with tokenized stocks on the New York Stock Exchange. This wave of cross-border action reveals several extremely hardcore industry facts: Reducing dimensionality and cracking down on cross-border securities firms: In the past, ordinary people who wanted to buy US stocks, speculate on gold and crude oil futures, opened accounts, exchanged foreign exchange, and made deposits and withdrawals could ruin half of their lives. Now, by tokenizing assets directly on the chain, traditional intermediaries who rely on credit limits, information gaps, and high transaction fees to make a living can be washed away. Regular military forces force compliance: Who is ICE? One of the world's largest traditional financial clearing machines, the boss of the New York Stock Exchange. It is willing to establish a 50:50 joint venture with OKX and obtain the FCM license in the United States, indicating that top Wall Street capital has thoroughly recognized the reality and begun to seize Web3's traffic and distribution access. On chain asset reshuffle: Previously, everyone could only speculate on air and high-risk knockoffs on the chain, but now they can directly trade on the New York Stock Exchange's US stocks backed by real sovereign credit and cash flow.