Hive  /  ICE  /  Configurator
For Michael Blaugrund · VP Strategic Initiatives · ICE

OKX is a great start.
HIVE brings it all together.

The OKX agreement solved the distribution half of the equation NYSE has been holding for two years. The audit half is still open. By the time the SEC writes the rule book for agent-routed execution, the rule book will be written around whoever has already demonstrated a cryptographic settlement envelope a regulator can read in one record. Three credible answers in the room. One of them defines the standard. ICE is positioned to be that one. We built the envelope. Toggle the workstreams on and watch the dashboards ICE can hand its own constituents come to life.

Too cold

OKX alone

Distribution to 120M users. Half the equation. Trading happens, audit does not. The SEC does not write the rule book around a venue with no envelope.

Just right · ICE keeps customer + majority revenue

OKX + Hive substrate

Tokenized equities ship in H2 2026 with a signed settlement envelope every regulator can read in one record. ICE retains every customer and every relationship. Hive clips 0.1–0.5 bps on the substrate; ICE keeps the rest.

Too hot

Build it inside

Six surfaces, two years, ZK + Ed25519 + RFC 8785 + post-quantum migration path. Three competitors are already in motion. DTCC pilot launches July 2026. The window is the next two earnings cycles.

YOUR CONFIGURATION
0 / 8
workstreams enabled
ICE Y3 ARR (CONSERVATIVE)
$0M
ICE keeps 99%+
ICE Y5 ARR (SCALE)
$0M
conservative band
HIVE SUBSTRATE FEE Y5
$0M
0.1–0.5 bps on flow

Print my configuration

One sheet. Your chosen workstreams, your revenue math, your signed HaHs receipt at the bottom. Take it into the next earnings cycle prep.

Request a working session
Close with proof · HaHs verifier

The envelope a regulator can read in one record.

Every workstream above ends in a signed Hive receipt — Ed25519 over RFC 8785 canonical JSON, post-quantum migration path on Wave-Lattice. Here is one. Live. The signature below is being checked by your browser against the public HiveTrust key right now — no callout, no network round-trip, no trust assumed.

{
  "type": "ice.configurator.demo.v1",
  "issuer": "did:hive:hivetrust-issuer-001",
  "subject": "ICE × NYSE × Hive — configurator demo",
  "envelope": {
    "rfc": "8785",
    "alg": "Ed25519",
    "pq_path": "wave-lattice-v2"
  },
  "workstreams_demoed": 8,
  "ts": "2026-05-26T15:21:00Z"
}
Verifying signature…
against did:hive:hivetrust-issuer-001
using Ed25519 / RFC 8785
Open full verifier →
Revenue bands are bottom-up estimates against ICE's disclosed 2025 segment data, OKX 120M-account distribution, BNY + Citi tokenized collateral programs, and DTCC pilot timelines. Reviewed and dialed back to conservative posture. Sources: ICE 10-K, ICE 2025 letter to shareholders, Inside the ICE House podcast, Q1/Q4 earnings calls, OKX deal announcement. [email protected] · envy of every market-infrastructure CEO Sprecher reads on Bloomberg.