ICE Partners with tZERO for Tokenized Securities Infrastructure
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowIntercontinental Exchange (ICE) (NYSE: ICE) has partnered with tZERO to develop infrastructure for its upcoming market for tokenized securities. tZERO will assist in creating transfer-agent and broker-dealer systems to support the onchain settlement of these securities. ICE is investing in tZERO's funding round and has licensed its 103 blockchain patents, although the investment amount is undisclosed. This partnership aligns with a broader industry movement, as Citi estimates the tokenized securities market may reach $5.5 trillion by 2030. For investors, this initiative indicates growing interest in digital assets and potential future opportunities in the market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Intercontinental Exchange (ICE)
Intercontinental Exchange operates global exchanges, including the New York Stock Exchange, and provides market data.
The Financials sector covers banks, insurers and capital-markets firms at the center of the economy.
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