Intercontinental Exchange Inc. (ICE), the parent company of the New York Stock Exchange (NYSE), has acquired a stake in tZERO, which offers tokenized securities.
The investment would make ICE the main minority shareholder in tZero. The amount of the deal was not disclosed.
ICE Chief Strategy Officer David Goon will join tZero as the new CEO.
“David’s leadership and mastery of trading, data and clearing technologies will be a great asset as tZERO begins its next chapter leading the growth and implementation of the next generation of marketplace infrastructure,” said ICE Founder, Chairman and CEO Jeff Sprecher.
ICE is also the majority owner of cryptocurrency exchange Bakkt, which became a public company through a SPAC deal with VPC Impact Acquisition Holdings last October.