Intercontinental Exchange initiates tZERO strategic investment

Global exchanges and clearing houses operator Intercontinental Exchange (ICE) is initiating a strategic investment in blockchain innovation and liquidity firm for digital assets tZERO.

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tZERO operates an SEC-regulated alternative trading system (ATS) while possessing the goal of democratizing access to capital markets, uniting issuers and financial firms seeking a transparent, automated, digitally enabled marketplace with investors interested in access to unique private assets, public equities, cryptocurrencies, and non-fungible tokens (NFTs).

In conjunction with ICE’s tZERO investment, veteran ICE management team member and present Chief Strategy Officer David Goone is joining tZERO as its next Chief Executive Officer and is slated to serve on tZERO’s Board of Directors.

“David Goone was present at many of ICE’s milestone moments and deals over two decades, a key player on our management team as we built our world-class trading, clearing and data infrastructure and product line, and has been a steward of our problem-solving culture,” ICE Founder, Chairman and CEO Jeff Sprecher said. “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.”

Authorities noted Goone developed and managed many of the company’s product lines during his ICE tenure.