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ICE Taps tZERO for Tokenized Securities Infrastructure and Takes Stake

NYSE owner ICE is partnering with tZERO and taking a stake in the firm as it develops an affiliated market for tokenized stocks. The deal provides transfer-agent and settlement infrastructure for the initiative.

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ICE Taps tZERO for Tokenized Securities Infrastructure and Takes Stake
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is working with tZERO as it advances plans for an NYSE-affiliated market focused on tokenized stocks. According to CoinDesk, the arrangement gives ICE access to transfer-agent and settlement infrastructure through tZERO, a move intended to support the planned market’s operational framework. ICE is also taking a stake in the firm. The agreement connects traditional exchange ownership with infrastructure designed for securities represented on blockchain-based systems, although the supplied information does not specify the size or terms of ICE’s investment. tZERO said the deal adds the transfer and settlement capabilities to ICE’s broader tokenized-securities initiative. The development highlights the role of market infrastructure in efforts to bring tokenized assets into a regulated securities-market setting. No launch date, transaction volume, or additional details about the planned NYSE-affiliated venue were provided.
Source CoinDesk This is an original Moneyiar brief based on the cited source.
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