tZERO, the global leader in blockchain innovation for capital
markets, announced today that it has won the 2020 FTF News
Technology Innovation Award for the ‘Best Blockchain Solution of
the Year’ category. As the securities industry is moving ahead with
new solutions that use distributed ledger technology (DLT), this
award honors the breakthrough systems that will advance the
operations of the securities industry the most.
tZERO CEO Saum Noursalehi stated, “We are proud to be recognized
as Best Blockchain Solution of the Year, and we look forward to
continuing to advance the integration of DLT to advance capital
markets.”
The annual awards, presented by Financial Technologies Forum and
FTF News, celebrate and recognize the professionals, financial
technology vendors, service providers, industry bodies and
regulators that have made significant strides and noteworthy
achievements in operational excellence during 2019. The winners are
selected by popular vote of capital markets industry
professionals.
In 2019, tZERO made great strides in the digital asset space. It
commenced secondary trading of its digital preferred equity
security (TZROP) on the tZERO ATS. Within one year of trading
commencing, TZROP was highlighted as the digital security with the
highest volume in 2019. tZERO ATS signed agreements with five
additional broker-dealer subscribers to its alternative trading
system (ATS), which will increase the pool of investors that trade
on the platform. tZERO also partnered with Alliance Investments in
October 2019, which intends to issue a digital security
representing at least $25M of the equity in the entity owning River
Plaza, a luxury development in Manchester, England. In addition,
tZERO’s crypto unit launched the tZERO Crypto app, and tZERO
secured a number of cutting-edge patents related to the
intersection of DLT and capital markets.
“It speaks volumes to our nominees and winners that despite the
current environment, clients, peers and FTF readers took the time
to vote in this year’s FTF Awards — even surpassing the number of
votes we received last year,” says Maureen Lowe, President, Founder
and Publisher of FTF and FTF News. “We have seen some real
innovation from FinTech companies over the past 12-to-18 months,
and we expect that despite current challenges, the innovation will
continue. This year, our regular gala has been put on hold, but the
celebration will continue — albeit in virtual form through various
online initiatives. We remain optimistic, however, that we will be
able to all meet again next year for a show-stopping gala
celebration. Until then, congratulations to our 2020 FTF Awards
winners!”
tZERO is a technology firm that was founded with the goal of
utilizing distributed ledger technology (DLT) to revolutionize Wall
Street so that it is more efficient, accessible, and transparent.
tZERO is a subsidiary of Medici Ventures, the blockchain-focused,
wholly-owned subsidiary of Overstock.com, Inc. (NASDAQ:OSTK).
Investor Notice
Investors should note that trading digital securities could
involve substantial risks, including no guarantee of returns, costs
associated with selling and purchasing, no assurance of liquidity
which could impact the price and ability to sell, and possible loss
of principal invested. Further, an investment in single digital
security could mean lack of diversification and, consequently,
higher risk.
No Offer, Solicitation, Investment Advice or
Recommendations
This release is for informational purposes only and does not
constitute an offer to sell, a solicitation to buy, or a
recommendation for any security, nor does it constitute an offer to
provide investment advisory or other services by the tZERO or any
of its affiliates, subsidiaries, officers, directors or employees.
No reference to any specific security constitutes a recommendation
to buy, sell or hold that security or any other security. Nothing
in this release shall be considered a solicitation or offer to buy
or sell any security, future, option or other financial instrument
or to offer or provide any investment advice or service to any
person in any jurisdiction. Nothing contained in this release
constitutes investment advice or offers any opinion with respect to
the suitability of any security, and the views expressed in this
release should not be taken as advice to buy, sell or hold any
security. In preparing the information contained in this release,
we have not taken into account the investment needs, objectives and
financial circumstances of any particular investor. This
information has no regard to the specific investment objectives,
financial situation and particular needs of any specific recipient
of this information and investments discussed may not be suitable
for all investors. Any views expressed in this release by us were
prepared based upon the information available to us at the time
such views were written. Changed or additional information could
cause such views to change. All information is subject to possible
corrections. Information may quickly become unreliable for various
reasons, including changes in market conditions or economic
circumstances.
About tZERO
tZERO Group, Inc. (tZERO) is a majority-owned subsidiary of
Overstock.com, focusing on the development and commercialization of
financial technology (FinTech) based on cryptographically-secured,
decentralized ledgers – more commonly known as blockchain
technologies. Since its inception, tZERO has pioneered the effort
to bring greater efficiency and transparency to capital markets
through the integration of blockchain technology. For more
information on tZERO, please visit: https://www.tzero.com/.
tZERO is not a registered broker-dealer, funding portal,
underwriter, investment bank, investment adviser or investment
manager, and is not providing brokerage, investment banking or
underwriting services, recommendations or investment advice to any
person, and does not provide any brokerage services. tZERO takes no
part in the negotiation or execution of secondary market
transactions for the purchase or sale of securities and at no time
has possession of investor funds or securities in connection with
such transactions.
About tZERO ATS
tZERO ATS, LLC is a broker-dealer registered with the SEC and a
member of FINRA and SIPC. More information about tZERO ATS may be
found at www.finra.org. Digital securities that trade on tZERO ATS
are conventional uncertificated securities, with traditional books
and records kept by a traditional SEC-regulated transfer agent. The
term "digital" refers to the blockchain technology elements of a
security that are intended to enhance investor experience through
added transparency.
About tZERO Crypto
tZERO Crypto, Inc. is a wholly-owned subsidiary of and powered
by the technology of tZERO Group, Inc. tZERO Crypto, Inc. and tZERO
Group, Inc. are not a registered broker-dealers, underwriters,
investment banks, or investment advisers, and are not providing
brokerage, investment banking or underwriting services,
recommendations or investment advice to the users of the tZERO
Crypto app. No broker-dealer affiliate of tZERO Group, Inc. is
involved in the transactions and services offered by the tZERO
Crypto app. tZERO Crypto, Inc. is licensed as an authorized money
transmitter in every jurisdiction in which it does business that
requires such authorization. See the legal disclosures and list of
tZERO Crypto, Inc.'s licensing authorities on
https://www.tzero.com/crypto-app for more information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200608005351/en/
tZERO Media Contact: Alexandra Sotiropoulos,
+1-347-293-1416 asotiropoulos@tzero.com Investor Contact:
Michael Mougias, +1-347-293-1248 mmougias@tzero.com
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