A South Korean financial group of financial start up companies called Dayli established the ICON Foundation in 2017 in order to link various digital asset projects on one network. Its technology is called ICONLOOP, which is also the name of the commercial entity behind ICON.
ICX is the native coin on the ICON blockchain. ICX was originally issued on Ethereum and migrated away during summer 2018. According to CoinMarketCap, an online market data service, at the beginning of June 2019 ICX's approximately $195 million dollar market capitalization made it the 47th largest cryptocurrency.