tZERO, a digital asset marketplace, has announced the appointment of two individuals to its board of directors. Edwin Marcial, former Senior Vice President and founding Chief Technology Officer of Intercontinental Exchange (NYSE: ICE), and Michael Blaugrund, Chief Operating Officer of the New York Stock Exchange (NYSE), will now add their experience to the board to help drive the company’s growth.
ICE is a significant investor in tZERO and its CEO David Goone is a former ICE executive.
Along with the two new appointments, tZERO’s Board now includes: Matt Mosman, Chairman of tZERO’s Board of Directors and General Partner at Pelion Venture Partners, Goone, Chris Campbell, Chief Strategist at Kroll, and John Jacobs, former Executive Vice President and Chief Marketing Officer of Nasdaq.
Goone commented on the selection of Marcial and Blaugrand stating:
“In terms of building businesses, with Edwin’s strong technology background and Michael’s in-depth knowledge in financial services, these new Board members will help shape tZERO’s long-term success.”
Marcial said he believes there are significant opportunities to create value at tZERO. Blaugrund said that tZERO’s tech stack, regulatory approach and experienced management well positions the company for future innovation.
tZERO Group, an operator of a broker-dealer and ATS, is a portfolio company of Medici Ventures, L.P., a blockchain-focused fund. The GP of that fund is an entity affiliated with Pelion Venture Partners. Overstock.com, Inc. (NASDAQ:OSTK) is a limited partner of Medici Ventures, L.P. and holds a direct minority interest in tZERO.