TokenSoft to Trade Digital Securities on tZERO’s Retail Market
On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade.
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WZEC is the first asset to be launched by “Wrapped,” a partnership between Ethereum tokenizers Tokensoft and qualified custodian Anchorage.
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....
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....
Post-trade infrastructure operator SIX Securities Services has announced a partnership with blockchain provider Digital Asset Holdings. The two firms plan to develop a blockchain-based proof-of-concept, demonstrating its commercial viability. SIX Securities and Digital Asset Bring Blockchain to the Swiss Financial Landscape. SIX Securities is one of....
The local securities regulator in Hong Kong will review the rules for people to be able to trade crypto-linked Exchange Traded Funds (ETFs). According to a report by the South China Morning Post, Hong Kong’s Securities and Futures Commission (SFC) will take another look into its digital asset transaction regulation. Related Reading | Bye-Bye China […]