NYSE Tokenized Stocks Move Closer as ICE Takes Stake in tZERO

Intercontinental Exchange (ICE) has agreed to invest in tZERO’s latest financing round and license the company’s blockchain patent portfolio, as the firms set out a memorandum of understanding for infrastructure supporting ICE’s upcoming NYSE-affiliated tokenized-securities platform. The agreement, announced on August 31, makes tZERO a design partner for the proposed market infrastructure, according to tZERO.

ICE’s relationship with tZERO now includes a prospective infrastructure collaboration for its tokenized-securities initiative, as well as a direct investment and an intellectual-property licence. The announcement leaves the investment amount and the patent licence’s financial terms undisclosed.

ICE investment and patent licence

Alongside its planned investment in tZERO’s latest financing round, ICE has agreed to license the company’s blockchain patent portfolio: 23 patent families and 103 patents. The announcement does not specify how much ICE will invest or disclose financial terms for the licence.

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