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NYSE Parent ICE Takes Stake in tZERO in Potential Move Toward Tokenized Stocks
ICE Chief Strategy Officer David Goone will become tZERO's CEO and will join its board of directors.
Updated Apr 10, 2024, 2:20 a.m. Published Feb 23, 2022, 4:37 a.m.
New York Stock Exchange parent Intercontinental Exchange Inc. (ICE) will take an ownership stake in tokenized securities venue tZERO. ICE said in an announcement on Tuesday.
- ICE said in an announcement on Tuesday its investment will make it a "significant" minority shareholder in tZero. The announcement didn't provide the stake size or dollar value of the transaction but said there will be no financial impact to ICE or its capital return plans.
- Other investors in tZERO include Overstock.com, which had launched tZERO; Medici Ventures, a blockchain-focused fund whose general partner is an entity affiliated with Pelion Venture Partners, and others.
- The alternative trading system (ATS) had been looking for a buyer or partner since at least mid-2021, two people familiar with the plans told CoinDesk on June 2.
- ICE is also majority owner of cryptocurrency exchange Bakkt, which went public via a merger with special purpose acquisition company (SPAC) VPC Impact Acquisition Holdings in October.
Read more: Cryptocurrency Exchange Bakkt Falls in First Day of Trading After SPAC Deal
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Read more: Bakkt Shares Surge 180% After Pacts With Mastercard, Fiserv for Crypto Payments
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French Banking Giant BPCE to Roll Out Crypto Trading for 2M Retail Clients
The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq.
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- French banking group BPCE will start offering crypto trading services to 2 million retail customers through its Banque Populaire and Caisse d’Épargne apps, with plans to expand to 12 million customers by 2026.
- The service will allow customers to buy and sell BTC, ETH, SOL, and USDC through a separate digital asset account managed by Hexarq, with a €2.99 monthly fee and 1.5% transaction commission.
- The move follows similar initiatives by other European banks, such as BBVA, Santander, and Raiffeisen Bank, which have already started offering crypto trading services to their customers.
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