tZERO Announces Partnership with Tokensoft Transfer Agent to Trade Digital Securities

Rhea-AI Summary

tZERO has announced a significant integration with Tokensoft to enhance the secondary liquidity process for issuers. This collaboration allows Tokensoft’s digital security technology to work seamlessly with tZERO’s secondary trading platform, facilitating a smoother onboarding and trading experience for security issuers. tZERO aims to democratize access to private capital markets, while Tokensoft provides a strong compliance and transfer process. This integration positions both companies to lead in the blockchain-enabled securities market.

Positive

• Integration with Tokensoft enhances secondary liquidity access for issuers.
• Facilitates smoother onboarding and trading on tZERO ATS.
• Positions tZERO and Tokensoft as leaders in blockchain-enabled securities.

Negative

• None.

tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today a technology integration with Tokensoft subsidiary, Tokensoft Transfer Agent, an SEC-registered transfer agent, to support issuers using Tokensoft’s digitization and transfer agent services. Following the integration, Tokensoft’s digital security technology will be interoperable with tZERO’s secondary trading technology, allowing securities of issuers utilizing Tokensoft’s services to seamlessly onboard and trade on the tZERO ATS, an alternative trading system (ATS) that is operated by tZERO ATS, a FINRA member broker-dealer, subject to tZERO ATS’s trading terms and due diligence.

tZERO CEO Saum Noursalehi stated, “We are excited to partner with Tokensoft and look forward to providing a more efficient and simplified process for these issuers to access secondary liquidity through the tZERO ATS.”

Tokensoft is a leading technology platform for blockchain-enabled securities that streamlines the compliance and transfer procedures in the securities market. The Tokensoft Transfer Agent has launched the first ’40 Act fund and the first IPO on the blockchain.

Tokensoft CEO Mason Borda said, “Our mission aligns with tZERO in advancing the adoption of blockchain in financial markets. We are excited to integrate with tZERO and provide our customers with a path for secondary liquidity on an industry-leading trading platform.”

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 Tokensoft

Tokensoft is a leading technology platform that streamlines the issuance, compliance, and transfer procedures for digital assets. The Tokensoft platform enables forward-thinking enterprises, asset managers, and financial institutions to fundraise, manage investors, and access secondary market liquidity using the blockchain. The combined market capitalization of Tokensoft digital assets exceeds $5 Billion today.

About Tokensoft Transfer Agent

Tokensoft Transfer Agent (TTA) is an SEC-registered transfer agent based in Austin, TX. TTA serves both privately and publicly trading companies based in the U.S. TTA uses Tokensoft technology to provide issuers of SEC-registered offerings with a fully managed solution on public blockchains.

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FAQ

What is the recent news involving OSTK and tZERO?

tZERO has integrated technology with Tokensoft to improve issuer access to secondary liquidity.

How does the tZERO and Tokensoft integration affect investors?

The integration allows for a more efficient trading process for digital securities, potentially benefiting investors seeking liquidity.

What is tZERO's role in the blockchain securities market?

tZERO aims to democratize access to private capital markets through its innovative trading platform.

When was the tZERO and Tokensoft integration announced?

The integration was announced recently, although a specific date was not provided.