Is Web3.0 just a little closer to entering the hallowed halls of Wall Street? The Intercontinental Exchange, which is the parent of the New York Stock Exchange, has bought a stake in crypto platform and digital securities marketplace tZero.
The terms of the agreement were not disclosed, but I.C.E will be a “significant minority shareholder.” However, I.C.E’s chief strategy officer David Goone is joining tZero as the new CEO and will serve on the board of directors.
Ross Mac of Maconomics breaks down what the move means in the latest Crypto Minute in the video above.
Transcript:
The line between traditional securities and Web3.0 securities is getting thinner and thinner as a top stock exchange is buying into a crypto exchange.
It’s your boy Ross Mac and this is what cryptocurrency investors are watching on Wednesday, February 23.
The Intercontinental Exchange, which is the parent of the New York Stock Exchange, has bought a stake in crypto platform and digital securities marketplace tZero.
The terms of the agreement were not disclosed, but ICE will be a “significant minority shareholder.”However, ICE’s chief strategy officer David Goone is joining tZero as the new CEO and will serve on the board of directors.
Now remember earlier this year, the NYSE filed trademarks for a NFT marketplace.
Seems like this is another move to push ICE, which owns 12 exchanges around the world, further into the crypto space?
It’s your boy Ross Mac and that was the Crypto Minute on TheStreet.
TheStreet’s Crypto Minute is brought to you by Blockchain.com.
