tZERO, a subsidiary of Overstock (NASDAQ:OSTK), has been recognized as the “Best Blockchain Solution of the Year” by Financial Technologies Forum and FTF News.
In a release, tZERO CEO Saum Noursalehi stated:
“We are proud to be recognized as Best Blockchain Solution of the Year, and we look forward to continuing to advance the integration of DLT to advance capital markets.”
In 2019, tZERO commenced secondary trading of its digital preferred equity security (TZROP) on the tZERO ATS.
tZERO ATS has signed agreements with five additional broker-dealer subscribers to its marketplace, which is expected to increase the pool of investors that trade on the platform.
tZERO has also partnered with Alliance Investments, which intends to issue a digital security representing at least $25 million of the equity in the entity owning River Plaza, a luxury development in Manchester, England.
tZERO seeks to utilize distributed ledger technology (DLT), or blockchain, to modernize Wall Street.