New York Stock Exchange parent Intercontinental Exchange Inc. (ICE) will take an ownership stake in tokenized securities venue tZERO. ICE said in an announcement on Tuesday.
- ICE said in an announcement on Tuesday its investment will make it a "significant" minority shareholder in tZero. The announcement didn't provide the stake size or dollar value of the transaction but said there will be no financial impact to ICE or its capital return plans.
- Other investors in tZERO include Overstock.com, which had launched tZERO; Medici Ventures, a blockchain-focused fund whose general partner is an entity affiliated with Pelion Venture Partners, and others.
- The alternative trading system (ATS) had been looking for a buyer or partner since at least mid-2021, two people familiar with the plans told CoinDesk on June 2.
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