on TZERO Group, Inc
TZERO Launches Special Purpose Broker-Dealer for Digital Asset Securities
tZERO Group Inc. has announced the launch of tZERO Digital Asset Securities, a Special Purpose Broker-Dealer aimed at enhancing digital asset securities custody. This development allows investors to open custodial brokerage accounts for trading digital asset securities on the tZERO Securities ATS, with TZROP anticipated to be the first digital asset security by Q1 2025.
The launch is seen as a foundational step in the U.S. digital asset securities industry, promising to serve as a hub for digital asset security issuance and secondary trading. tZERO's technology services and SEC-registered agent aim to streamline the issuance and transfer of securities using blockchain technology.
Alan Konevsky, tZERO's EVP, emphasized the importance of broker-dealers in digital asset custody, citing the new model's potential to reduce costs and enhance liquidity.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all TZERO Group, Inc news