TZROP's Upgraded Blockchain-Based Technology Rails Will Offer New Utility Features, including AI-Drives Analytics, and unlock future functionality; TZROP will be first digital asset security supported by tZERO's digital custody broker-dealer, one of only two in the US
SALT LAKE CITY, UT / ACCESS Newswire / February 6, 2025 / tZERO Group Inc., a leader in technology solutions for capital markets, announces that its Series-A Preferred Equity Security (TZROP) will be fully tokenized in March 2025 and become the first digital asset security to be custodied by its Special Purpose Broker-Dealer, tZERO Digital Asset Securities, one of only two digital securities broker-dealer custodians in the US. The full tokenization of TZROP will unlock potential for future smart contract automation functionalities and will deploy new utility features at the time of TZROP's full tokenization, including issuer tools leveraging artificial intelligence (AI) data driven insights relating to TZROP's ownership structure, transactions and investor base, while maintaining data privacy. This tool set will form the backbone of tZERO's end-to-end digital asset security product offering for issuers looking to fully tokenize their capital tables in a way that introduces meaningful and actionable issuer and investor facing tools that prove the use case for tokenized and automated securities versus legacy book-entry systems dispersed across multiple databases and market participants.
"We are happy to confirm that we will deliver on our previously announced plans to fully tokenize TZROP," said David Goone, tZERO's CEO. "The new and upcoming TZROP utility features will be available to all issuers who tokenize with tZERO, with more utility for investors to follow."
tZERO plans to leverage the new upgradable technology powering TZROP to bring additional utility features to its investors in the future, which may include individual customer custodial wallets, on-chain KYC verification and accreditation or automated on-chain corporate actions, without sacrificing data privacy standards.
"Next month, we will take the next step forward on our journey of responsible innovation" states Alan Konevsky, Executive Vice President and Chief Legal & Corporate Affairs Officer of tZERO. "As the regulatory landscape for digital assets positively evolves, including in view of new initiatives from the Administration and the SEC, we will continue to evolve our product offering for the benefit of issuers, end users and the marketplace."
TZROP was issued in a private placement in August 2018 and in January 2019, it illustrated how a private security can trade on the tZERO Securities ATS, a broker-dealer operated, continuous and automated marketplace. tZERO's flagship trading asset will be the first digital asset security to be traded on the tZERO Securities ATS. In connection with the full tokenization of TZROP and its transition to special purpose broker dealer custody, there will be a negative consent process for tZERO Securities customers, which will be explained by tZERO Securities in a direct communication to its customers. tZERO will announce the exact launch date in March 2025. For more information about tZERO and the full tokenization of TZROP, please see our FAQs.
About tZERO
tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries 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 make such equity available for trading on an 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. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website.
About tZERO Digital Asset Securities
tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO's online brokerage platform. It operates in accordance with the SEC's statement, dated December 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Digital asset securities may not be "securities" as defined under the Securities Investor Protection Act (SIPA)-and in particular, digital asset securities that are "investment contracts" under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA's definition of "securities"-and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found on FINRA's BrokerCheck.
About tZERO Securities
tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA's BrokerCheck.
Investor Notice
Digital asset securities, as well as any particular investment, may not be suitable or appropriate for everyone. Investors should note that investing or trading in securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investor's ability to sell, and possible loss of principal invested. There is always the potential of losing money when you invest in securities. There are also unique risks specific to digital asset securities, including, without limitation, fraud, manipulation, theft, and loss. Please see our disclosure library for more information.
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; performance of individual transactions; regulatory developments and matters; 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.
Contacts
tZERO
pr@tzero.com
SOURCE: tZERO Group, Inc
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