ICE Takes Stake in tZERO to Advance Tokenized Securities Platform

Source Summary

Intercontinental Exchange, the owner of the NYSE, has taken a stake in tZERO and will leverage the firm's transfer-agent and settlement infrastructure for its planned NYSE-affiliated market for tokenized stocks. The partnership combines ICE's market infrastructure with tZERO's blockchain-based settlement capabilities.

Why it matters

This partnership signals a major exchange operator's commitment to building regulated infrastructure for tokenized securities, potentially accelerating mainstream adoption of blockchain-based trading.

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• CoinDesk ↗