SummaryICE will work with tZERO on infrastructure for its planned NYSE-affiliated tokenized securities market, according to a press releaseThe NYSE owner is also investing in tZERO and licensing its portfolio of blockchain patents.The firms said they will explore whether tokenized assets could be used as collateral at ICE clearing houses.Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, is adding another piece to its tokenization plans, tapping blockchain infrastructure firm tZERO to help build the plumbing behind its upcoming market for tokenized securities.The two firms will work on the transfer-agent and broker-dealer systems needed to settle tokenized securities trades onchain, they said Monday. ICE will also invest in tZERO's latest financing round and license its portfolio of 103 blockchain patents.The size of the investment wasn't disclosed.TZERO is expected to become an approved digital transfer agent and participant on ICE's planned NYSE-affiliated platform, subject to regulatory and technical requirements. That means it would help keep track of who owns the tokenized shares as they change hands and make sure those transfers comply with securities rules.Wall Street's tokenization plumbingThe deal shows how Wall Street's tokenization push is moving beyond just putting stocks and bonds on blockchain rails. The harder part is building the plumbing around them — such as trading, settlement, ownership records and collateral — while fitting those systems into existing securities rules.The potential market is large. Citi projected that tokenized securities could reach $5.5 trillion by 2030, as banks, asset managers and market operators experiment with moving traditional financial assets onto blockchain rails.ICE and tZERO will also explore using tokenized assets as collateral at ICE's clearing houses and other businesses. That could eventually let a tokenized security be posted to back trades elsewhere in ICE's markets.ICE had already tapped Securitize (SECZ), best known as BlackRock’s tokenization partner, in March as a digital transfer agent eligible to mint blockchain-native securities for corporate and ETF issuers on the planned NYSE-affiliated platform.The two tokenization firms are also locked in a legal dispute: Securitize sued tZERO in June seeking a ruling that it does not infringe tZERO's patents, after tZERO sent the company a cease-and-desist letter alleging infringement.Read more: Here is why Nasdaq and owner of NYSE are putting the $126 trillion equity market on blockchain12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report