tZERO, a leader in blockchain innovation and liquidity for
digital assets, announced today that its subsidiary, tZERO ATS, a
FINRA member broker-dealer that operates an alternative trading
system (ATS), has signed an agreement with DigiShares, a
white-label platform for tokenized securities, to connect issuers
of digital securities on the DigiShares’ platform to the tZERO ATS.
DigiShares’ network consists of many asset managers, investment
fund managers, real estate developers, renewables project
developers, among others that are based in the U.S., Asia, Russia,
Europe, and Africa. Interested issuers will now be able to opt in
to provide secondary liquidity for their digital securities,
subject to tZERO ATS’s due diligence and applicable regulatory
requirements. This partnership is expected to increase tZERO’s
access to potential equity crowdfunding, real estate, and other
types of issuers of digital securities that are seeking secondary
liquidity.
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tZERO CEO Saum Noursalehi stated, “DigiShares is a
forward-thinking company and understands the enormous potential in
tokenizing assets, particularly in the traditionally illiquid real
estate space. tZERO ATS is excited to provide DigiShare issuers
with an innovative solution to create secondary liquidity.”
Danish-based DigiShares provides white-label solutions for the
issuance, corporate management, and trading of digital securities.
DigiShares has a number of reputable existing relationships with
Polymath, F10, UPRETS, Alcion, and many others.
DigiShares CEO Claus Skaaning said, “DigiShares is focused on
bringing efficiency to the token sale and cap table management
processes to streamline the tokenization of assets. Our diverse
customer base of issuers will now be connected to a market-leading
secondary liquidity platform for digital securities, the tZERO ATS.
We look forward to collaborating with tZERO, a company that shares
our vision of building bridges between traditional finance and
blockchain technology.”
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.
Potential investors are urged to consult a professional adviser
regarding any economic, tax, legal or other consequences of trading
any securities as described herein.
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 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 https://brokercheck.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.
About DigiShares
DigiShares provides white-label solutions for the issuance,
corporate management, and trading of digital assets. The company
works with asset managers, investment fund managers, real estate
developers, renewables project developers, and others interested in
more efficient ways of raising capital and managing a large group
of investors in their fund.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210311005289/en/
tZERO
Media Alexandra Sotiropoulos, +1-347-293-1416
asotiropoulos@tzero.com
Investor Michael Mougias, +1-347-293-1248 mmougias@tzero.com
DigiShares
Media and Investor Claus Skaaning, info@digishares.io
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