tZERO ATS approved to support clearing and settlement of its securities trading platform

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NEW YORK–(COMMERCIAL THREAD) – tZERO, a leader in blockchain innovation and liquidity for digital assets, today announced that its broker-dealer subsidiary, tZERO ATS, has been approved to settle and clear securities transactions for it – even and its affiliated brokerage firms. The vertical integration of the clearing and settlement process is a key step in the evolution of tZERO’s regulated trading platform. TZERO’s brokerage subsidiaries will now be able to independently and rapidly integrate additional private securities into its current and future pipeline so that clients have access to a greater number of investment opportunities, utilize a cutting edge technology to speed up the private security transaction settlement schedule on its platform and seamlessly transfer cash and securities to and from another platform to improve the user experience of the trading platform of titles.

In Q4 2021 and Q1 2022, tZERO’s brokerage subsidiaries plan to integrate at least four additional private stocks, including Curzio Equity Owners stock from Curzio Research, Spot @ Myra Park stock from MarketSpace Capital, common stocks from American Films and the XY Labs class. One common share and, subject to regulatory approval, launch its unified trading experience. tZERO also plans to continue to align the user experience across all types of assets by expanding the functionality and functionality of its platform, including expanding its function of funding digital assets in fiat accounts to a variety of crypto. -coins.

TZERO Interim CEO and General Counsel Alan Konevsky said: “The integration of the clearing function is essential. We can scale faster and increase the speed of integration of our products. As the digital journey envisions a self-regulated, digitally native value ecosystem, we recognize the importance of regulated participant roles in today’s market as we work to evolve the function of technology, combining legacy with innovation. The vertical integration of these functions in the meantime allows us to keep focus and priorities aligned and reduce external variables and dependencies that can impact existential priority on speed and scale for our business and harmonization of the multi-asset user experience for our customers.

The clearing and custody model will support current and future private digital securities that trade on tZERO ATS, which are uncertified securities with targeted blockchain functionality to increase transparency. It will also support NMS securities, which are government securities traded on national stock exchanges.

As part of the evolution of its product offering and its desire to expand the role of blockchain technology in securities transactions in a compliant manner, tZERO plans, subject to regulatory approval, to implement Parallel clearing, settlement and custody solutions to support digital asset securities, which are securities issued and transferred over a blockchain, to its platform. Initially, this solution will be implemented through user-driven settlement in partnership with a custodian and later jointly and in accordance with the statement by the Securities and Exchange Commission (SEC) which describes how brokers can engage with digital asset securities. , including maintaining custody of these assets and chain settlement without a clearing house or custodian.

“tZERO remains committed to evolving existing systems into the future of fintech and innovating in the way securities and value can be held, transferred and traded. We will continue to innovate in our trading infrastructure to support next generation capital markets, ”Konevsky concluded.

tZERO is a technology company whose objective is to democratize access to private capital markets. tZERO brings together issuers and financial firms seeking a transparent, automated and digital marketplace and investors seeking access to unique private assets, public stocks, cryptocurrencies and other digital assets, including non-fungible tokens. For more information, visit https://www.tzero.com/.

Notice to Investors

Investors should note that trading in securities could involve substantial risks, including no guarantee of return, costs associated with selling and buying, no guarantee of liquidity, which could affect price and capacity. of sale, and a possible loss of invested capital. In addition, an investment in a single security could mean a lack of diversification and, therefore, higher risk. Potential investors are urged to consult a professional advisor regarding the economic, tax, legal or other consequences of trading in securities as described herein.

No offer, solicitation, investment advice or recommendation

This press 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 an offer to provide investment advice or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to a specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing in this press release should be construed as a solicitation or an offer to buy or sell any security, futures contract, option or other financial instrument or to offer or provide investment advice or service to anyone in any jurisdiction. Nothing in this press release constitutes investment advice or offers an opinion regarding the suitability of any security, and the opinions expressed in this press release should not be taken as advice to buy, sell or hold any security. . In preparing the information contained in this press release, we have not taken into account the investment needs, objectives and financial situation of any particular investor. This information does not take into account the specific investment objectives, financial situation and special needs of any specific recipient of such information and the investments discussed may not be suitable for all investors. All opinions expressed in this press release by us have been prepared based on information available to us at the time those opinions were written. Modified or additional information could cause these views to change. All information is subject to possible corrections. Information can quickly become unreliable for a variety of reasons, including changes in market conditions or economic circumstances.

Forward-looking statements

This press release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries or representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections regarding future events, which are derived from information currently available. These forward-looking statements relate to future events or future performance, including financial performance and projections; revenue and profit growth; and business prospects and opportunities. You can identify forward-looking statements by those which are not historical in nature, particularly those which use terms such as “may”, “should”, “expects”, “anticipates”, “considers”, “believes”. “,” Estimate, “plans”, “projected”, “predicted”, “potential”, “hope” or the negative of these terms or the like. In evaluating these forward-looking statements, you should take into account various factors, including, without limitation: the ability of tZERO and its subsidiaries to change direction; tZERO’s ability to keep pace with new technologies and changing market needs; and competition. These and other factors may cause actual results to differ materially from any forward-looking statements. Forward-looking statements are only predictions. The forward-looking events discussed in this press 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 representatives are under no obligation to publicly update or revise any forward-looking statement, whether due to uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made by from time to time by tZERO, its subsidiaries or representatives may not occur.

About tZERO

tZERO Group, Inc. (tZERO) and its brokerage subsidiaries provide an innovative liquidity platform for businesses and private assets. We offer institutional quality solutions to issuers who wish to digitize their capital table using blockchain technology and trade on a regulated alternative trading system. tZERO, through its brokerage subsidiaries, democratizes access to private assets by providing a simple, automated and efficient trading platform for brokers, institutions and investors. For more information on tZERO, please visit https://www.tzero.com/.

tZERO is not a registered broker, funding portal, underwriter, investment bank, investment adviser or investment manager, and does not provide brokerage, investment banking or trading services. subscription, recommendations or investment advice to anyone, and does not provide any brokerage service. tZERO does not take part in the negotiation or execution of transactions on the secondary market for the purchase or sale of securities and does not at any time have the possession of funds or securities of investors in connection with such transactions.

About tZERO ATS

tZERO ATS, LLC is an SEC registered brokerage and a member of FINRA and SIPC. You can find more information about tZERO ATS at https://brokercheck.finra.org/. Digital securities traded on tZERO ATS are conventional securities without certificate. The ownership of these securities is reflected in the traditional books and records of the participants in the regulated market. The term “digital” refers to those elements of a security’s blockchain technology that aim to enhance the investor experience through increased transparency.

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