Tokenization · New York · Wall Street · CoinDesk
TZERO is expected to become an approved digital transfer agent and participant on ICE's planned NYSE-affiliated platform
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The deal shows how Wall Street's tokenization push is moving beyond putting stocks and bonds on blockchain rails.
Key facts
- TZERO is expected to become an approved digital transfer agent and participant on ICE's planned NYSE-affiliated platform, subject to regulatory and technical requirements
- Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is adding another piece to its tokenization plans, tapping blockchain infrastructure firm tZERO to help build the plumbing
- ICE and tZERO will also explore using tokenized assets as collateral at ICE's clearing houses and other businesses
- ICE had already tapped Securitize (SECZ), best known as BlackRock’s tokenization partner, in March as a digital transfer agent eligible to mint blockchain-native securities for corporate and ETF
Summary
ICE will work with tZERO on infrastructure for its planned NYSE-affiliated tokenized securities market, according to a press release. The NYSE owner is also investing in tZERO and licensing its portfolio of blockchain patents. The firms said they will explore whether tokenized assets could be used as collateral at ICE clearing houses. Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is adding another piece to its tokenization plans, tapping blockchain infrastructure firm tZERO to help build the plumbing behind its upcoming market for tokenized securities. The two firms will work on the transfer-agent and broker-dealer systems needed to settle tokenized securities trades onchain, they said Monday.