New York Stock Exchange Owner Invests in Crypto Companies

New York Stock Exchange Owner Invests in Crypto Companies – New York Stock Exchange Owner Invests in Crypto Companies

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In a recent announcement, Intercontinental Exchange, Inc (ICE), owner of the New York Stock Exchange and many other global exchanges, is investing in crypto company tZERO.

However, ICE is not the only investor, as other companies are also participating in the tZERO fundraising. Strategic investments in blockchain and digital asset liquidity providers have allowed ICE to become a minority shareholder.

However, no further plans have been determined before or after this investment by the two companies. ICE clarified that the investment had no impact on the company’s return on capital.

The only change ICE has determined is that their current Chief Strategy Officer (CSO) and member of the management team, David Goone, will join tZERO as their new Chief Executive Officer (CEO).

“David’s leadership and expertise in trading, data and clearing technologies will be a major asset as tZERO embarks on the next chapter of leading the growth and adoption of next-generation marketplace infrastructure,” said ICE Chairman and CEO Jeff Sprecher. 3/2022).

Apart from being a CSO at ICE, David Goone has also served on the board of other ICE subsidiaries as well as a company representative at the Depository Trust Clearing Corporation (DTCC), Options Clearing Corporation (OCC), and the National Futures Association (NFA).

ICE’s investment steps in crypto companies further show their interest in the crypto world. Previously, the New York Stock Exchange registered its trademark to create its own NFT marketplace.

New York Stock Exchange Trademark List for NFT . Market

New York Stock Exchange Owner Invests in Crypto Companies

Previously, the New York Stock Exchange (NYSE) had filed with the US Patent and Trademark Office (USPTO) to provide an online marketplace for various digital goods including NFTs, cryptocurrencies, digital media, and artwork.

If the exchange follows through with this plan, they will compete with NFT marketplace companies such as OpenSea and Rarible.

The trademark registration was disclosed by trademark attorney Michael Kondoudis. He explained that the NYSE filed an application on February 10 to register the iconic “NYSE” trademark for several crypto-based products such as virtual goods, NFTs, tokens, as well as online marketplaces for buying and selling digital assets and exchanges.

“A new application filed on the 10th says that @NYSE has plans to trademark the NYSE for NFTs, cryptocurrencies, digital collectibles, and a marketplace to trade and exchange them,” Kondoudis said on Twitter, as quoted by Coin Rivet, Thursday, February 24, 2022. .

In April, the NYSE scored its first set of NFTs with tributes to six hot tech stocks that debuted on the world’s largest exchanges, including Spotify, Roblox and Coupang.

At the time, the exchange said it was not selling NFTs, just printing them out for warning purposes only.

With this latest trademark filing, it becomes clear the NYSE may have far more ambitious plans for the NFT.

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