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.
It has been an honor to steer @tZERO’s business operations during the leadership transition. I am excited for the company’s next chapter with David Goone and ICE as tZERO’s new investor. https://t.co/ps7A2HyVcC
— Alan Konevsky (@Alan_Konevsky) February 22, 2022
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).
tZERO to appoint David Goone, Chief Strategy Officer of @ICE_Markets, as its CEO. tZERO also completed an additional strategic funding round from @NYSE parent company ICE, @Overstock, & @medici_ventures, among others.https://t.co/ZfWryLO5lI
— tZERO (@tZERO) February 22, 2022
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.”