Despite strong security token growth, tZERO continues to lose money
While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money.The ATS specializes in security tokens, consistently hosting more than 95% of the sector’s monthly trade volumes. tZERO saw dramatic growth in recent months, with monthly volume growing from less than $1 million in May to push $21.8 worth of trade in August — before....
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The Emerald Isle is now a hotspot for talent in tech and a corporate tax haven. United States’ retail giant Overstock is reportedly expanding its blockchain wing tZero with new hires in Ireland.The Utah-based e-commerce company is seeking to hire software and devops engineers to work on its blockchain and security token subsidiary tZero, local tech news agency Silicon Republic reported on Nov. 10.As reported, the new hires for tZero are part of a new team at Overstock’s headquarters in Sligo in western Ireland. The online retail company already employs 90 people working in AI, research and....
The undisclosed investment will result in ICE becoming a significant minority shareholder in tZero and is another sign of the closing of the divide between equities and crypto assets. The Intercontinental Exchange (ICE) has announced a strategic investment in private digital securities marketplace and crypto asset liquidity platform tZero.ICE, which owns and operates 12 global exchanges including the New York Stock Exchange (NYSE), made the announcement on Feb. 22, however, there was no mention of the terms or details of the investment other than ICE becoming a “significant minority....
Earn is expected to provide extra liquidity to the tZERO platform through exposure to its issuers of property-backed digital securities. tZERO ATS, a broker-dealer which facilitates the secondary trading of digital security tokens, has partnered up with commercial real estate and finance platform Earn.re, according to a joint announcement on March 3.The partnership will allow commercial property issuers on Earn.re to provide extra liquidity for the trading of digital assets on tZERO ATS, subject to the platform’s due diligence. Earn supplies software solutions for the issuance of digital....
Around $18 million worth of NYCE’s common shares will be tokenized and supported for secondary trading on tZERO’s security token trading platform. tZERO, an alternative trading system for security tokens, has announced a partnership with real estate crowdfunding company, NYCE Group, to tokenize $18 million worth of the firm’s shares.NYCE’s stock will be tZERO’s first new listing since launching its ASPN pairing in August 2020, representing fractionalized ownership in a Colorado ski resort.Announced June 30, tZERO will support secondary trade for NYCE’s tokenized common shares once the real....
The blockchain oracle provider said that this will be the first time that its shares will be available at a regulated trading venue. A blockchain firm founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets. XY Labs, the blockchain company behind the XYO protocol, has announced that its Class A Common stock started trading on tZERO ATS, the alternative trading system subsidiary of the stock broker tZERO Group. According to the blockchain oracle data provider, this will be the first time that shareholders will be able....