ICE Partners with tZERO to Build Infrastructure for Tokenized Securities
Intercontinental Exchange (NYSE: ICE), parent company of the New York Stock Exchange, has partnered with blockchain infrastructure firm tZERO to develop systems supporting its planned market for tokenized securities. The collaboration includes building transfer-agent and broker-dealer infrastructure designed for onchain settlement on an upcoming NYSE-affiliated digital trading platform. ICE will also invest in tZERO's latest funding round and license 103 of the company’s blockchain patents, though investment size was not disclosed. Subject to regulatory approval, tZERO is expected to become a key player in managing tokenized securities transactions as a transfer agent. The partnership explores potential use cases for tokenized assets as collateral at ICE clearing houses. This move aligns with growing interest from major financial institutions in tokenization, which Citi estimates could reach $5.5 trillion by 2030.
Tickers: $ICE
Topics: blockchain digital_trading_platform NYSE tokenized_securities