tZERO, a blockchain-focused subsidiary of Overstock.com (NASDAQ:OSTK), has announced the launch of its broker-dealer subsidiary that can service retail investors.
tZERO Markets offers an online brokerage service that also facilitates the trading of digital assets via tZERO ATS.
The digital securities currently available for trading on the tZERO ATS are TZROP (tZERO’s preferred equity), OSTKO (Overstock’s Digital Voting Series A-1 Preferred Stock), and ASPD (Aspen Digital Inc.’s equity). tZERO anticipates it will grow the number of digital securities available for trading over time.
tZERO Markets said it will start onboarding U.S.-based investors with plans to expand to “US domestic entity investors,” as well as international investors, in the future.
The launch of this brokerage system will initially be web-based and will be followed by iOS and Android mobile applications.
tZERO CEO Saum Noursalehi said the launch is an important development for tZERO and its growing ecosystem.
“Now that tZERO Markets is live, it will provide its customers with a superior experience for onboarding and trading digital securities. While the initial release has significant improvements over existing experiences, it will get considerably better in the coming weeks and months ahead.”