tZERO, a majority-owned subsidiary of Overstock.com, has recently announced the launch of its secondary trading for tZERO security token, the company announced on January 24.
Traders now can sign up through the broker-dealer of the platform, Dinosaur Financial Group. Currently, only tZERO’s token is open for investors to trade, other securities may be added in the near future.
Being confident of the impact the new platform can bring to capital markets, Patrick M. Byrne, tZERO executive chairman and the CEO of Overstock.com, has said:
“tZERO is working toward a world where security tokens revolutionize traditional capital markets, and companies achieve trust through cryptographically-protected algorithms rather than through rent-seeking middlemen.”
Patrick Byrne opened up the release date of tZERO last week, as TheCryptoSight reported on Jan 23.
Last year, the firm successfully raised $134 million, following a security token offering (STO). tZero obtained a patent for “Crypto Integration Platform” which is published by the US Patent and Trademark Office on Jan 1.