tZERO’s most awaited security token trading platform is reportedly all set to go live by the end of coming week. tZERO is a global leader in blockchain innovation for capital markets. The firm aims to revolutionize the market and fix the inherent inefficiencies of Wall Street so that financial processes are less beholden to traditional, institutional market structures.
tZERO will be led by Steven Hopkins, who was the chief operating officer and general counsel at Medici Ventures.Its customers can now either create a brokerage account, or put the tokens in a personal wallet. At launch, the platform will let users trade its native tZERO token, and will afterwards look to add 60 different companies.
Previously in their offering, the firm raised close to $134 million from around 1,000 investors .Earlier this week, the company informed their investors that the access to the token has been made available, after the lock period ended.
tZERO’s regulated alternative trading system (ATS), will offer its users a securities clearing and settlement platform, based on blockchain tech. It’s set to help companies raise capital with security tokens, while enabling secondary liquidity for traditionally illiquid investments.
Earlier this month, tZERO, won the patent that outlines how it may merge legacy trading systems with cryptocurrencies and digital asset tech. tZERO also noted that the platform can be used to conduct initial public offerings (IPOs) or other public securities offerings, as well as in secondary market securities transactions (noting that these offerings would be registered through the U.S. Securities and Exchange Commission).
What do you think about the upcoming launch of tZERO? How crucial role will it play in making tokenization of securities mainstream? Let us know your thoughts in comments.