Intercontinental Exchange (ICE) has launched ICE GreenTrace, a next-generation carbon market registry that has already onboarded approximately 437 million credits and 40,000 documents from major environmental programs. This positions ICE as a key infrastructure provider in the growing carbon credit sector, using exchange-grade technology to bring more structure and trust to carbon markets. Separately, ICE announced a 50-50 joint venture with crypto platform OKX and former New York Governor Andrew Cuomo to connect tokenized NYSE equities and ICE futures with global crypto and traditional finance markets. The venture will operate as a broker dealer and futures commission merchant, subject to regulatory approvals. For those tracking carbon markets and climate finance, the GreenTrace launch is the more directly relevant development. It shows a major exchange operator betting that carbon credit registries need the same reliability and scale as traditional financial market infrastructure.
