tZERO, Real Estate Crowdfunder NYCE to Digitize $18M Equity

Blockchain services and digital asset services company tZERO is working with real estate crowdfunding platform NYCE Group to digitize approximately $18 million of equity interest in NYCE. The process will begin should approvals be given in its upcoming Reg A+ offering.

NYCE was founded by FC Barcelona footballer Martin Braithwaite and entrepreneur Philip Michael to create 100,000 millennial high-net-worth stakeholders of colour by 2030 by providing access to its $260 million portfolio through an investment app.

“We are pleased to partner with NYCE, a pioneer in real estate crowdfunding, and support the secondary trading of its digital security,” said tZERO CEO Saum Noursalehi.

NYCE’s digital security will deploy tZERO’s smart contract technology in anticipation of its listing on the tZERO ATS, subject to legal and regulatory due diligence and securities laws considerations.

“Through our partnership with the leader in liquidity for digital securities, tZERO, we are excited to provide investors with liquidity optionality,” Michael said.

NYCE closed its Reg CF offering last October after raising $1 million on Wefunder and Republic. NYCE reopened its WeFunder offering in March 2021 and is in the process of raising additional capital. More than 5,000 investors have participated in the initial and subsequent NYCE offerings, they said.

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