tZERO, a leader in financial innovation and liquidity for
private companies, announced today that tZERO Markets, a retail
broker-dealer and wholly owned subsidiary of tZERO that is
registered with the Securities and Exchange Commission (SEC), is
now open for business and has launched its web application on
www.tzero.com/investors.
tZERO Markets provides online brokerage services, supporting the
trading of digital securities on the alternative trading system,
tZERO ATS. The digital securities currently available for trading
on the tZERO ATS are TZROP (tZERO’s preferred equity), OSTKO
(Overstock’s Digital Voting Series A-1 Preferred Stock), and ASPD
(Aspen Digital Inc.’s equity). tZERO Markets will start onboarding
U.S.-based individual investors with plans to expand to US domestic
entity investors, as well as international investors, in the
future. The launch of this brokerage system will be web-based and
will be followed by iOS and Android mobile applications, in the
future, subject to regulatory review.
tZERO CEO Saum Noursalehi stated, “This is an important
development for tZERO and its growing ecosystem. Now that tZERO
Markets is live, it will provide its customers with a superior
experience for onboarding and trading digital securities. While the
initial release has significant improvements over existing
experiences, it will get considerably better in the coming weeks
and months ahead.”
tZERO Markets may be contacted at support@tzero.com with any
questions, including from investors who wish to open an account or
transfer their existing shares of TZROP, OSTKO, and/or ASPD, to
tZERO Markets.
tZERO is a technology firm with the goal of democratizing access
to private capital markets. 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 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 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 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.
Forward-Looking Statements
This release contains forward-looking statements. In addition,
from time to time, tZERO, its subsidiaries, or its representatives
may make forward-looking statements orally or in writing. These
forward-looking statements are based on expectations and
projections about future events, which is derived from currently
available information. Such forward-looking statements relate to
future events or future performance, including financial
performance and projections; growth in revenue and earnings; and
business prospects and opportunities. You can identify
forward-looking statements by those that are not historical in
nature, particularly those that use terminology such as “may,”
“should,” “expects,” “anticipates,” “contemplates,” “estimates,”
“believes,” “plans,” “projected,” “predicts,” “potential,” or
“hopes” or the negative of these or similar terms. In evaluating
these forward-looking statements, you should consider various
factors, including, without limitation: the ability of tZERO and
its subsidiaries to change the direction; tZERO’s ability to keep
pace with new technology and changing market needs; and
competition. These and other factors may cause actual results to
differ materially from any forward-looking statement.
Forward-looking statements are only predictions. The
forward-looking events discussed in this release and other
statements made from time to time by tZERO, its subsidiaries or
their respective representatives, may not occur, and actual events
and results may differ materially and are subject to risks,
uncertainties and assumptions. tZERO, its subsidiaries, and its
representatives are not obligated to publicly update or revise any
forward-looking statement, whether as a result of uncertainties and
assumptions, the forward-looking events discussed in this release
and other statements made from time to time by tZERO, its
subsidiaries or its representatives might not occur.
About tZERO
tZERO Group, Inc. and its broker-dealer subsidiaries (tZERO)
provide an innovative liquidity platform for private companies and
assets. We offer institutional-grade solutions for issuers looking
to digitize their capital table through blockchain technology, and
trade on a regulated alternative trading system. tZERO democratizes
access to private assets by providing a simple, automated, and
efficient trading venue to broker-dealers, institutions, and
investors. 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 Markets
tZERO Markets, LLC is a broker-dealer registered with the SEC
and a member of FINRA and SIPC. More information about tZERO
Markets may be found at https://brokercheck.finra.org/. The digital
securities relevant to tZERO Markets’ business lines are
conventional uncertificated securities. Ownership of such
securities is reflected on the traditional books and records of
regulated market participants. The terms "digital" and “digital
security” refer to the blockchain technology elements of a security
that are intended to enhance the investor experience through added
transparency, but have no controlling or legal effect.
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. Ownership of such
securities is reflected on the traditional books and records of
regulated market participants. The term "digital" refers to the
blockchain technology elements of a security that are intended to
enhance investor experience through added transparency.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201021005310/en/
tZERO Media Alexandra Sotiropoulos, +1-347-293-1416
asotiropoulos@tzero.com
Investors Michael Mougias, +1-347-293-1248
mmougias@tzero.com
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