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HomeNFTIntercontinental Exchange declares an investment in tZero digital securities marketplace and...

Intercontinental Exchange declares an investment in tZero digital securities marketplace and cryptocurrency asset liquidity platform

Intercontinental Exchange (ICE) invested an undisclosed amount to become a significant minority stakeholder in tZero.

The Intercontinental Exchange (ICE) has made a strategic investment in tZero, a private digital securities marketplace and cryptocurrency asset liquidity platform. ICE, which owns and manages 12 worldwide exchanges, including the New York Stock Exchange (NYSE), There was no mention of the terms or specifics of the transaction other than ICE becoming a “significant minority shareholder” in tZero. As part of the investment, ICE’s Chief Strategy Officer, David Goone, will join tZero as its new CEO and serve on the board of directors.

tZero is a blockchain-based alternative trading system (ATS) where corporations may list tokenized copies of their equities. Currently, the platform only supports a few tokenized companies, one of which is early investor Overstock, which trades under the ticker OSTKO.

The platform’s target market is financial businesses and investors looking for access to a digital marketplace and unique private assets and equities such as cryptocurrencies and non-fungible tokens (NFTs).

Jeff Sprecher, ICE’s founder, chairman, and CEO, reacted to Goone’s hiring by saying that he has been a “steward of our problem-solving culture.”

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Vaishali Goel
Technology enthusiast, explorer and academic scholar. Currently exploring the crypto world. Join me in my journey to see how crypto, NFT and Metaverse will change the world.
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