tZERO Security Token Exchange Begins Live Trading

Overstock.com’s tZERO security token exchange officially began trading Thursday afternoon, Overstock.com announced in a press release late yesterday.

tZERO’s secondary market is beginning trading with its own security tokens, although more listings are expected imminently.

“Accredited investors can now trade tZERO security tokens with other accredited investors through a digital securities brokerage account at Dinosaur Financial Group,  which will act as the introducing broker-dealer. Dinosaur has partnered with PRO Securities, LLC, a tZERO subsidiary, which offers an alternative trading system to provide market access for secondary trading of the tZERO security tokens, during market hours initially,” the company said.

“The trading of our own security tokens is the crossing of the Rubicon for the new world of digital assets. This will create liquidity, democratise access, bring transparency and efficiency to global markets and accelerate the adoption of security tokens,” the announcement said.

tZERO, which provided the technology behind trading of the world’s first public digital asset, OSTKP, in 2016, raised $134 million from over 1,000 global investors during its highly publicized security token offering (STO), which closed in August 2018. Following the mandatory 90-day lock-up period, investors now have an efficient path to liquidity through the blockchain for the first time ever. Additionally, as a result of this historic milestone, tZERO has laid the groundwork for the trading of other tokenised assets, such as debt instruments, commodities and real-estate.

 

Author

Andrew Rosenbaum

Andrew Rosenbaum

Andrew Rosenbaum has been a financial journalist and writer for 15 years.

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