ICE taps tZERO for tokenized securities platform and takes stake

Intercontinental Exchange, the owner of the New York Stock Exchange, is working with tZERO on its planned market for tokenized securities. The firms will develop transfer-agent and broker-dealer systems for settling tokenized securities trades on-chain. ICE will invest in tZERO's latest financing round. ICE will license tZERO's portfolio of 103 blockchain patents. The investment amount was not disclosed. tZERO is expected to become an approved digital transfer agent and participant on ICE's planned NYSE-affiliated platform. This role is subject to regulatory and technical requirements. tZERO would track ownership of tokenized shares as they change hands. tZERO would also help ensure that transfers comply with securities rules. The firms will explore whether tokenized assets could be used as collateral at ICE clearing houses.