InterContinental Exchange, the global exchange operator that owns the New York Stock Exchange (NYSE), has completed a $600 million direct cash investment in Polymarket, a leading market forecasting platform, company. He said Friday.
This financing is part of a previously announced investment plan and follows ICE’s initial $1 billion investment in Polymarket. ICE may also purchase up to $40 million of existing securities, satisfying its obligations under the original arrangement.
Ice He said Last October, it invested up to $2 billion in Polymarket, valuing the platform at $8 billion before the investment at the time. Aside from financial support, the exchange will also become a global distributor of Polymarket event-based data and will collaborate on tokenization projects.
Wall Street power is accelerating its push into tokenized securities.
New York Stock Exchange on Tuesday Announce Partnered with Securitize to help build tokenized securities infrastructure. Securitize will serve as the first digital transfer agent for the upcoming NYSE platform, where it will issue blockchain-based stocks and ETFs.
The 24/7 platform is designed to modernize trading by improving efficiency, reducing risk and advancing tokenization while maintaining investor protection and market integrity.
