Intercontinental Exchange (ICE), parent of the New York Stock Exchange, will invest in tZERO and obtain a license for tZERO’s blockchain patents to deepen cooperation in tokenized securities.
1 hours ago
Blockchain financial infrastructure firm tZERO Group, Inc. and Intercontinental Exchange, Inc. (NYSE: ICE) announced today that they have entered into a series of agreements to advance the development of the tokenized securities market. The two parties have signed a Memorandum of Understanding (MOU). Under the terms of the deal, tZERO will serve as the lead design partner to develop digital transfer agent and broker-dealer infrastructure, aimed at supporting on-chain settlement of tokenized securities transactions on ICE’s upcoming tokenized securities platform linked to the New York Stock Exchange. Additionally, ICE has agreed to participate in tZERO’s latest financing round. As part of this financing, ICE will obtain a license to tZERO’s blockchain patent portfolio for use in digital trading platforms and other potential application scenarios.
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