ICE works with tZero to build a monetized security infrastructure

ICE, the head company of the New York Stock Exchange, announced that it was working with the block chain infrastructure company tZERO to build the systems required for its planned monetized securities market. The two sides will jointly develop a transfer agent and broker infrastructure to support settlement on the monetized security chain. ICE will also invest in the latest tZERO financing wheel and license 103 of its block block chain patents. The amount of this investment is not disclosed. ICE expects that tZERO will be the approval digital transfer agent for its forthcoming digital trading platform. Michael Blagrund, Vice-President of ICE, stated that the experience of tZero in the chain of custody infrastructure had made it a valuable partner in the expansion of the Digital Transfer Agent scheme. ICE and tZERO will also explore whether monetized assets may serve as collateral for ICE liquidation and other subsidiaries. ICE had previously selected Securitize as its digital transfer agent for the monetized securities platform。