
ICE taps tZERO for NYSE tokenisation platform
- Intercontinental Exchange will invest in tZERO and license its blockchain patents.
- The deal supports plans for a new NYSE platform for tokenised securities.
- The platform could allow 24/7 trading and faster blockchain-based settlement.
Intercontinental Exchange will invest in tZERO as part of plans for a tokenised securities platform.
The deal also gives ICE access to tZERO’s portfolio of 103 blockchain patents.
The planned NYSE platform could support round-the-clock trading and faster settlement on blockchain networks.
The investment amount and tZERO’s valuation were not disclosed by the companies.
tZERO will help develop systems for issuing, trading and settling tokenised public securities.
The platform could also support fractional shares, dollar-based orders and stablecoin payments.
The project still needs regulatory approval and technical work before it can launch.
