Polymarket · OKX · The Block
NYSE parent ICE joins forces with tZERO on infrastructure for tokenized securities
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TZERO and Intercontinental Exchange have agreed to collaborate on infrastructure for tokenized securities markets, with tZERO serving as a design partner for ICE’s upcoming NYSE-affiliated tokenized securities platform.
Key facts
- The firm announced a $600 million direct cash investment in Polymarket in March, adding to the $1 billion already provided last October
- In May, ICE and OKX announced a 50-50 joint venture to develop "next-generation infrastructure" for tokenized and digitally native financial products
- We are thrilled to be partnering with ICE for the NYSE-affiliated digital transfer agent program," tZERO CEO Alan Konevsky said in a release
- In September 2024, tZERO secured approval to custody digital assets, becoming the second firm at the time to get U.S. regulators' sign-off
Summary
NYSE-traded ICE will also invest in tZERO's latest financing round and license its blockchain patent portfolio, which includes 103 patents covering areas such as compliant transfers, smart contracts and corporate actions. The two firms will also explore the use of tZERO's tokenized assets for collateral management at ICE clearing houses and other affiliates. "We are thrilled to be partnering with ICE for the NYSE-affiliated digital transfer agent program," tZERO CEO Alan Konevsky said in a release. In September 2024, tZERO secured approval to custody digital assets, becoming the second firm at the time to get U.S. regulators' sign-off.