Cryptocurrency

27/01/19 11:00 UTC-4

Launching of the platform for tZERO security tokens trading

tZERO, a subsidiary of the retail giant Overstock, has officially announced the launch of its cryptoplatform for the security tokens tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
.

As the tZERO says, from now on, accredited investors have the possibility of the secondary security tokens trading through broker accounts of the New York Dinosaur Financial Group.

According to this release, accredited investors can trade security tokens through a securities brokerage account in the Dinosaur financial group, which will act as a broker-dealer. In partnership with subsidiary tZERO PRO Securities, which provides an alternative trading system for the tZERO security tokens secondary trade.

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Saum Noursalehi, CEO of tZERO, said: "Launching the tZERO platform and trading our own security tokens is a transition to a new phase of digital assets. It will create liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details
, bring transparency and access to world markets."

 

Promotion and development of the platform

Work on the platform has been underway since 2014. The firm completed the security tokens offering (STO) in August 2018, collecting $ 134 million from more than 1,000 of global investors. Initially, the company introduced STO in the form of the initial coin offering (ICO) in December 2017, causing a strong cryptographic and traditional institutional interest.

Interesting in the section: STO (Security token offering) – the specifics of the work, the main differences from the ICO

In March, tZERO ICOICO
(Initial Coin Offerings) is an acronym, which means a primary currency offer. Details
came under the control of the U.S. Securities and Exchange Commission, which led to a fall in the price of the Overstock shares. Overstock has previously applied for the classification of its ICO in accordance with rules D and S instead of traditional securities registration.

Earlier this month, tZERO filed a patent for a "cryptointegration platform" for trading digital assets. The patent application describes a system that will be able to accept orders for trading "digital transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details
products" from brokers-dealers, and then transfer orders to the cryptocurrency for digital exchange. These articles include securities, tokens, digital stocks, cash equivalents, and digital assets.

Editor: Yuliya Soroka

See also: "Falcon Private Bank announced the beginning of work with cryptocurrency assets"

#securitytokens #tZERO #cryptoplatform #cryptocurrency #Overstock

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