Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, will invest in tZERO and receive its blockchain patent license to deepen their partnership in tokenized securities.

BlockBeats News, August 31st, Blockchain financial infrastructure company tZERO Group, Inc. and Intercontinental Exchange, Inc. (New York Stock Exchange code: ICE) today announced a series of agreements to support the development of the tokenized securities market.

The two parties have signed a Memorandum of Understanding (MOU). Under the agreement, tZERO will serve as the primary design partner to help develop digital transfer agent and brokerage infrastructure aimed at enabling on-chain settlement of tokenized securities trading on ICE's upcoming NYSE-affiliated tokenized securities platform.

Furthermore, ICE has agreed to participate in tZERO's latest financing round. As part of this financing, ICE will receive a license to tZERO's blockchain patent portfolio for use in the digital exchange platform and other potential applications.