tZERO announced that secondary trading of tZERO tokens is now live, as per the press release published yesterday.
According to the press release, accredited investors can trade the security tokens with a help of a securities brokerage account at Dinosaur Financial Group, which works as a broker-dealer. Dinosaur teams up with tZERO subsidiary PRO securities and offers an alternative trading system (ATS) in order to trade tZERO security tokens. Saum Noursalehi, the CEO of tZERO said,
"The world of security tokens has lacked a regulated venue for secondary trading. The trading of our own security tokens is the crossing of the Rubicon for the new world of digital assets. This will create liquidity, democratize access, bring transparency and efficiency to global markets and accelerate the adoption of security tokens."
Earlier in 2014, Overstock announced tZERO security trading platform for cryptocurrencies. Investors in the tZERO token offering have been waiting for a long time for the platform's release, after its official announcement in 2015.
In April 2018, tZERO firstly released the prototype of the securities trading platform. As per Overstock's CEO Patrick Bryne, the prototype planned to get an idea of the breadth of what tZERO has planned for.
The company completed its security token offering (STO) in August 2018, grabbing $134 million for over 1,000 global investors. the firm launched the STO in the form of an initial coin offering (ICO) in December 2017, getting solid crypto and traditional institutional response.
Later in March 2018, tZERO's ICO was under investigation of US SEC, resulting in Overstock's share price to fall. Earlier, Overstock had filed for its IPO to be classified as per regulations in D and S instead of traditional securities filling.
Before few days, tZERO filled a pattern for a "crypto integration platform" for trading cryptocurrencies. The patent filling consists of a method by which you will receive orders to trade, "digital transactional items" from broker-dealers and then translate orders on a crypto exchange. Such items consist of securities, tokens, crypto shares, cash equivalent, and crypto assets.