ICE is planning to launch a hash rate futures market, with Wall Street seeing AI infrastructure as a new tradable commodity

BlockBeats News, May 20th, Intercontinental Exchange Group (ICE), the parent company of the New York Stock Exchange, plans to launch a hash rate futures market to meet the pricing needs driven by AI technology. ICE is partnering with the financial infrastructure company Ornn to develop new futures contracts based on Ornn's index products, which will accurately track Graphics Processing Unit (GPU) computing costs in real-time. The contracts are currently awaiting regulatory approval.

Furthermore, on May 12th, the Chicago Mercantile Exchange (CME) and Silicon Data, a GPU market intelligence and benchmark data industry leader, announced that they will launch a hash rate futures market later this year, with the initiative also awaiting regulatory review.

Wall Street is now considering AI infrastructure as an emerging tradable asset, providing the market with price discovery and risk hedging tools. ICE hopes to establish a more transparent hash rate pricing mechanism through this initiative, further driving the maturity of AI-related financial markets.