ICE Teams Up with tZERO for NYSE Tokenized Securities Platform
Intercontinental Exchange (ICE) has partnered with tZERO to develop infrastructure for a tokenized securities platform affiliated with the New York Stock Exchange (NYSE). The two companies signed agreements on August 31, covering platform design, financing, patent licensing, and potential collateral applications.
tZERO will help develop transfer-agent and broker-dealer infrastructure supporting on-chain settlement for tokenized securities markets. ICE will invest in tZERO's financing round, but withheld the investment's value publicly.
The NYSE's planned platform still requires regulatory approvals before offering round-the-clock trading and immediate blockchain settlement. tZERO claims its licensed portfolio contains 103 patents across 23 families covering tokenized-market infrastructure globally.