ME News reports that on August 31 (UTC+8), blockchain financial infrastructure company tZERO Group, Inc. and Intercontinental Exchange, Inc. (NYSE ticker: ICE) announced a series of agreements to support the development of the tokenized securities market. The two parties have signed a Memorandum of Understanding (MOU). Under the agreement, tZERO will serve as the primary design partner in developing digital transfer agent and broker-dealer infrastructure aimed at enabling on-chain settlement of tokenized securities trades on ICE’s upcoming tokenized securities platform affiliated with the New York Stock Exchange. Additionally, ICE has agreed to participate in tZERO’s latest funding round. As part of this financing, ICE will receive a license to tZERO’s blockchain patent portfolio for use in digital trading platforms and other potential applications. (Source: BlockBeats)
ICE to Invest in tZERO and License Blockchain Patents to Advance Collaboration on Tokenized Securities
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Summary
On August 31 (UTC+8), tZERO and ICE announced a partnership to advance the tokenized securities market. The two parties signed a memorandum of understanding, with tZERO leading the design of digital transfer agent and broker-dealer infrastructure for ICE’s NYSE-linked platform. ICE also participated in tZERO’s latest funding round and obtained a license to tZERO’s blockchain patent portfolio. The blockchain upgrade will enable on-chain settlement and support digital trading platforms. This blockchain development represents a significant step forward in building tokenized asset infrastructure.
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