XY Labs’ Class A Common Stock Begins Trading on the tZERO ATS
XY Labs has launched trading of its Class A Common stock on tZERO’s Automated Trading System (ATS), marking a significant milestone for the company. This development follows a successful funding round in 2018, where XY Labs raised around $22 million from over 23,000 investors. The trading will enhance shareholder access to liquidity and transparency. tZERO CEO David Goone expressed excitement about expanding digital securities trading. Moreover, XY Labs utilizes Ethereum blockchain-based smart contracts for its digital securities, further emphasizing its commitment to advanced technology in trading.
- Trading of XY Labs stock on tZERO ATS enhances liquidity and transparency for investors.
- Successful fundraising of approximately $22 million in 2018 from over 23,000 investors.
- Utilization of Ethereum blockchain for enhanced security and smart contract technology.
- None.
Investors with an account at tZERO’s retail broker-dealer subsidiary, tZERO Markets, are now able to trade the
tZERO CEO
XY Labs’ stock uses tZERO’s smart contract technology built on the Ethereum Blockchain.
Vertalo CEO and Co-Founder
Founded in 2012, XY Labs’ extensive experience with consumer hardware, global community, and app development has allowed it to become an expansive company offering a significant variety of tools and technologies to change the user’s experience and interactions with the physical world. These tools and technologies include XYO, a distributed blockchain network of nodes that introduces additional certainty and information in real-time and validates real-world data using geospatial, temporal, and other metadata, COIN, an app with over five million downloads that allows users to earn digital assets for validating geospatial location and other data, and XY Find It, the XY4+ Bluetooth Item Finder that allows users to quickly and seamlessly find misplaced items.
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.
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