NYSE Parent ICE Invests in tZERO to Advance Security Tokenization Infrastructure

August 31 news, according to CoinDesk, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced a partnership with blockchain infrastructure firm tZERO to build the underlying infrastructure for its planned NYSE-linked security tokenization market. The two parties will jointly build a transfer agent and broker-dealer settlement system for on-chain security tokens, with tZERO expected to serve as the platform's digital transfer agent and participant, responsible for recording and compliance management of tokenized stockholder changes. ICE will also participate in tZERO's new funding round and license its 103 blockchain patents. The two parties will also explore using tokenized assets as trading collateral in businesses such as ICE clearing houses.