Securitize and tZERO clash over patents as race to bring Wall Street onchain heats up
tZERO and Securitize are squaring off over tokenization patents as the market attracts more of Wall Street’s attention.
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Summary
- tZERO has accused Securitize of infringing patents covering tokenized securities infrastructure and sent a cease-and-desist letter.
- Securitize responded Monday by filing suit in federal court seeking a ruling that it does not infringe upon Securitize’s patents.
- The dispute emerges as Wall Street ramps up efforts to tokenize stocks, bonds and investment funds, a market that some forecasts estimate could reach trillions of dollars.
