tZERO, a blockchain-based ATS targeting the digital security sector, has partnered with Wunderfund – a Reg CF funding portal. Additionally, tZERO announced partnerships with Trellis Platform, a SaaS service for alternative assets, and OmniValley – a digital community for startups.
The new partnerships are expected to connect tZERO with private companies seeking to enhance their securities through tokenization, offering a path towards continuous secondary liquidity through tZERO’s regulated alternative trading system.
Wunderfund is a Cincinnatti based FINRA regulated funding portal that should benefit from the recent improvements for Reg CF that saw the securities exemption’s funding cap raised from an anemic $1.07 million to $5 million – more in line with a typical seed round. Wunderfund CEO Marvin Abrinica said they are delighted to partner with tZERO to introduce their network of investment-ready companies to a technology solution that enables secondary liquidity on a regulated trading venue. By providing liquidity for private firms, Wunderfund may be able to facilitate an exit beyond an IPO or merger.
Trellis is a Boston-based firm that helps companies to navigate the private investment process through its SaaS platform. Trellis offers a paperless investment service in alternative assets from deal sourcing and due diligence through subscription, custody, and monitoring.
OmniValley is a community that is said to include over 750 VC firms, investors, incubators, and others. OmniValley looks to foster new relationships among investors seeking to enter new opportunities.
tZERO was created by Overstock (NASDAQ:OSTK) has been spun off to Pelion Venture Partners. Overstock expects to retain a direct minority equity interest in tZERO.