Intercontinental Exchange, parent of NYSE, will take an ownership stake in tokenized securities venue tZERO. GregAhl reports.
New York Stock Exchange parent Intercontinental Exchange Inc. will take an ownership stake in tokenized securities venue tZERO, ICE said in anIce's investment will make it a"significant" minority shareholder in tZero, according to the announcement, which didn't provide the stake size or dollar value of the transaction, while saying there will be no financial impact to ICE or its capital return plans.
The alternative trading system had been been looking for a buyer or partner since at least mid-2021, two people familiar with the plans
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