Commerzbank, Deutsche Bank, JP Morgan and Morgan Stanley will sign up as early adopters of OTC FX clearing within the profit sharing scheme.
RepoClear service will help buy-side engage with cleared repo trading.
Banks are looking at alternatives to repo for short-term financing in response to stricter capital requirements.
The partnership will enable the platform to connect clients to tri-party agents and CCPs.
The platform executed its first collateral transaction on 6 October between a UK pension fund and CME Clearing Europe.
The repo market has been under increased pressure from regulations.
The move to withdraw from GCF repo settlement will affect around 30 broker-dealer clients.
ICE will develop new repo-style interest rate futures contracts.
Negative rates in Europe have hit demand for repo and securities finance products.
The US bank eyes European expansion in collateral services, as Tradition plans its own repo trading platform.