Intercontinental Exchange, the parent company of the New York Stock Exchange, has selected blockchain platform tZERO to develop digital transfer agent infrastructure, according to a Techub News brief citing Crypto Briefing. The cooperation is aimed at using blockchain technology to improve the efficiency and transparency of securities trading and settlement. The report also said the project could speed up adoption of blockchain technology across financial markets. No additional details on timeline, product scope, or rollout were disclosed in the brief. The update centers on infrastructure for securities processing rather than a consumer-facing product, with the stated focus on operational efficiency and transparency in post-trade functions.
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, has chosen blockchain platform tZERO to develop digital transfer agent infrastructure, according to a Techub News brief that cited Crypto Briefing.
The cooperation is intended to use blockchain technology to improve the efficiency and transparency of securities trading and settlement. The brief added that the move could accelerate adoption of blockchain technology in financial markets.
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