tZero Has Now Raised at Least $64 Million of its $250 Million ICO

tZero has filed an updated Form D  506c with the Securities and Exchange Commission. According to this most recent filing, tZero has now raised a minimum of $64,361,403. This is a base amount because the filing does not include what has been raised from investors outside the US by using Regulation S. So as far as we know, tZero may have raised many millions more as interest from global investors in their security taken has been exceptionally high. So much so, tZero has struggled to manage investor demand on SaftLaunch where the security is being sold, according to industry chatter.

What else is different in the Form D? Investors now stand at over 1000 individuals or corporate entities. In the previous filing, tZero listed 398 investors.

The first sale of the initial coin offering that is really preferred equity started on December 21, 2017. One would expect this one should be closed no later than end of Q1. This ICO is one of the most watched security token offers this year. The other two big ones (right now) include the KodakCoin and Telegram – which has already raised a mind blowing $850 million.

tZero is the future of security transactions as it is leapfrogging all other brokerages / exchanges in existence – if management can execute effectively. tZero integrates cryptographically secure distributed ledger technology, or Blockchain, with existing market processes to reduce settlement time and costs, increase transparency, efficiency and auditability.

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