A crypto marketplace backed by the owners of the New York Stock Exchange (NYSE) is reportedly mulling over the possibility of a sale. According to a new report by Bloomberg, anonymous sources familiar with the matter say that crypto firm Bakkt has been working with a financial advisor to contemplate its future options, including the […]
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According to the CEO of CME Group, Terry Duffy, the executive met with former FTX CEO Sam Bankman-Fried (SBF) last March at a conference, and Duffy ended up calling the FTX frontman a “fraud.” When Duffy sat down with SBF, the former FTX executive said his end goal was to compete with CME Group. Last […]
Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.” Bakkt to Expand Client Verticals With Different Offerings […]
Brazilian Federal Police are executing 20 search and seizure warrants for an alleged transnational crypto fraud ring accused of stealing hundreds of millions of dollars. According to a new press release by the U.S. Immigration and Customs Enforcement (ICE), a joint investigation by Brazilian Police, U.S. Homeland Security and other agencies led law enforcement across […]
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The Nasdaq-listed cryptocurrency exchange Coinbase has insisted that it does not sell “proprietary customer data” after reports surfaced that its Tracer product is providing “historical geo tracking data” to the U.S. Immigrations and Customs Enforcement (ICE). Coinbase Responds to Reports of It Selling Customer Data to U.S. Government Cryptocurrency exchange Coinbase came under fire last […]
Top US crypto exchange Coinbase is licensing software that aggregates information about blockchain transactions to a federal law enforcement agency. According to a new report by The Intercept, the Homeland Security Investigations wing of Immigration and Customs Enforcement (ICE) has purchased a software tool called Coinbase Tracer, available for both government and private sector clients. […]
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The undisclosed investment will result in ICE becoming a significant minority shareholder in tZero and is another sign of the closing of the divide between equities and crypto assets.
The Intercontinental Exchange (ICE) has announced a strategic investment in private digital securities marketplace and crypto asset liquidity platform tZero.
ICE, which owns and operates 12 global exchanges including the New York Stock Exchange (NYSE), made the announcement on Feb. 22, however, there was no mention of the terms or details of the investment other than ICE becoming a “significant minority shareholder” in tZero.
It did state that as part of the investment, ICE’s Chief Strategy Officer David Goone will join tZero as its new CEO serving on the board of directors.
tZero operates a blockchain-based alternative trading system (ATS) upon which companies can list tokenized versions of their stocks. The firm is fully regulated with the Securities and Exchange Commission (SEC) and acts as a broker-dealer in the digital asset space, also offering a number of cryptocurrencies. The platform only offers a handful of tokenized stocks at the moment, one of which is early investor Overstock under the ticker OSTKO.
The platform’s target market is financial firms and investors seeking access to a digital marketplace and unique private assets and equities such as cryptocurrencies and nonfungible tokens (NFTs).
ICE founder, Chairman, and CEO, Jeff Sprecher, commented on Goone’s appointment stating that he has been a “steward of our problem-solving culture,” before adding:
“David’s leadership and his mastery of trading, data, and clearing technology will be a big asset as tZERO begins its next chapter leading the growth and adoption of next-generation market infrastructure.”
Goone, who has been with ICE since 2001, brings a lot of experience to the table having developed and managed many of ICE’s product lines during his tenure.
ICE is a Fortune 500 firm and leader of global exchanges and clearinghouses that provide financial technology and data services across major asset classes.
tZero got off to a rocky start following its security token offering (STO) and numerous investments in 2020. At the time, the fledgling security token platform was still losing money, though this latest investment could provide access to new markets for tZero.
Related: Intercontinental Exchange sells Coinbase stake for $1.2 billion
As reported by Cointelegraph on Feb. 15, the NYSE is showing a greater interest in the digital asset space as it filed a patent application for a number of crypto and blockchain-related products and services. These include an online marketplace for trading crypto assets, NFTs, and Metaverse technology such as augmented reality software.
A closely followed crypto trader says a major trend shift is occurring for one altcoin, and two more crypto assets are building bullish setups. Pseudonymous trader Cantering Clark tells his 95,000 followers on Twitter that he has his eye on ICE, the governance token that powers multichain yield optimization platform Popsicle Finance. With ICE well […]
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The digital asset company Bakkt Holdings has completed a merger with a firm called VPC Impact Acquisition Holdings and the combined business will be listed on the New York Stock Exchange (NYSE) on October 18. Bakkt revealed it was aiming to go public last January, and the Bakkt listing on Monday will leverage the ticker […]
Four altcoins with market caps ranging between $240 million and $900 million are up by triple-digit percentage points over the past four weeks. The four crypto assets, namely Dopex (DPX), Popsicle Finance (ICE), Radio Caca (RACA), and Spell Token (SPELL), are also fresh off all-time highs recorded earlier this week. Dopex is a decentralized options […]
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