Intercontinental Exchange, owner of the New York Stock Exchange, has taken an equity stake in blockchain firm tZERO and selected it to build core infrastructure for a planned NYSE-affiliated tokenized securities market. tZERO will help develop transfer-agent and broker-dealer systems to settle tokenized trades onchain and is expected, pending approvals, to act as a digital transfer agent tracking tokenized share ownership and regulatory compliance. ICE will license tZERO’s 103 blockchain patents and jointly explore using tokenized assets as collateral at ICE clearing houses, potentially accelerating broader Wall Street adoption of tokenized stocks, bonds and related financial instruments.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.