tZERO Names Alan Konevsky as Executive Vice President and Chief Legal & Corporate Affairs Officer

Rhea-AI Summary

tZERO announced Alan Konevsky's appointment as Executive Vice President and Chief Legal and Corporate Affairs Officer effective March 2022. His role follows the minority investment by Intercontinental Exchange (NYSE: ICE) and the appointment of David Goone as CEO. Konevsky previously served as Interim CEO and Chief Legal Officer. In his new position, he will focus on strategic matters and support growth initiatives under Goone, aiming to enhance tZERO's digital market offerings, including cryptocurrencies and NFTs.

Positive

• Alan Konevsky appointed Executive VP and Chief Legal and Corporate Affairs Officer.
• tZERO received significant minority investment from Intercontinental Exchange (NYSE: ICE).
• David Goone appointed as CEO, bringing leadership stability.
• Konevsky's experience in leadership positions may enhance growth strategies and operations.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that Alan Konevsky, tZERO’s former Interim Chief Executive Officer and Chief Legal Officer, has been appointed as tZERO’s Executive Vice President and Chief Legal and Corporate Affairs Officer, effective March 2022. Konevsky’s appointment is in connection with the recently announced significant minority investment by Intercontinental Exchange, Inc. (NYSE: ICE) and the appointment of David Goone as tZERO’s Chief Executive Officer. In his new role, Konevsky will be responsible for a range of strategic, corporate, legal, regulatory, and other matters. He will also have an active role in guiding tZERO’s growth strategy under Goone’s leadership.

(Photo: Business Wire)

“Alan is a key member of the experienced tZERO team and as one of the longest-serving leaders at the company. He has played a critical role in tZERO’s strategy and operations, including during the leadership transition,” stated Matt Mosman, Chairman of tZERO’s Board of Directors and General Partner at Pelion Venture Partners. “Alan did a tremendous job in keeping the company humming during his interim leadership over the past months, and I look forward to watching him accelerate tZERO’s growth in his new role with the company together with David and the rest of the tZERO team.”

David Goone, tZERO Chief Executive Officer, noted, “I am delighted to be a part of tZERO and work with Alan to lead our talented team through the company’s next stage of growth and development.”

“It has been an honor to steer tZERO’s business operations during the leadership transition,” said Alan Konevsky. “I have great personal and professional admiration for David and his accomplishments and am enthused to continue working with the tZERO team as we develop new markets and products that leverage the secular relevance of digital infrastructure for institutional, retail, and consumer ecosystems, including with cryptocurrencies, securities, and NFTs.”

Konevsky joined tZERO in December of 2018 as its Chief Legal Officer and was its interim Chief Executive Officer beginning in August 2021. During his tenure at tZERO, he has managed a broad cross-functional set of executive responsibilities, combining business and legal experience in financial services and other highly regulated industries, capital markets, technology, and strategy. He is also a member of the Board of Directors of the Boston Security Token Exchange (BSTX), tZERO’s joint venture with BOX Digital Markets LLC to launch the nation’s first regulated blockchain-enabled securities exchange that offers faster settlement, proprietary and transparent blockchain data feeds, and improved market quality for early-stage companies, which was recently approved by the SEC. Konevsky brought to tZERO over 20 years of international experience across a range of senior roles at Mastercard, Goldman Sachs, and Sullivan & Cromwell. Konevsky graduated magna cum laude from Harvard Law School and summa cum laude from Columbia College.

tZERO is a technology firm with the goal of democratizing access to capital markets. tZERO brings together issuers and financial firms seeking a transparent, automated, digitally enabled marketplace and investors seeking access to unique private assets, public equities, cryptocurrencies, and other digital assets, including non-fungible tokens. For more information, visit https://www.tzero.com/.

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 a 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 are 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,” “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. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for 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, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. tZERO is a portfolio company of Medici Ventures, a blockchain-focused fund. The general partner of that fund is an entity affiliated with Pelion Venture Partners. Overstock.com, Inc. (NASDAQ:OSTK) is a limited partner of Medici Ventures and direct investor in tZERO. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220228005300/en/

tZERO

Alexandra Sotiropoulos, +1-347-293-1416

asotiropoulos@tzero.com

Source: tZERO Group, Inc.

FAQ

Who recently became the Executive VP at tZERO?

Alan Konevsky was appointed as Executive VP and Chief Legal and Corporate Affairs Officer at tZERO.

What is the significance of ICE's investment in tZERO?

Intercontinental Exchange (NYSE: ICE) made a significant minority investment in tZERO, highlighting increased investor confidence.

Who is the new CEO of tZERO?

David Goone has been appointed as the Chief Executive Officer of tZERO.

When did Alan Konevsky start his role at tZERO?

Alan Konevsky's new role as Executive VP became effective in March 2022.

What are tZERO's main business focuses?

tZERO focuses on enhancing digital market offerings, including cryptocurrencies, securities, and NFTs.