tZERO Group Inc. says its broker-dealer subsidiary, tZERO ATS, will “add investment banking business lines to its existing platform.”
In parallel, tZERO ATS will “change its name to tZERO Securities to better reflect the breadth of services it makes available to its customers.” These changes add the business that was previously provided “by tZERO Markets and optimize the workstreams for issuers and investors alike as the firm continues to gain market share in its primary issuance and secondary trading business units, as well as introduce greater operational efficiency. The change will become effective on October 20.”
David Goone, CEO of tZERO Group, said:
“The consolidation of services to one entity will result in a more cohesive platform for customers to seamlessly participate across business lines. tZERO Securities brand reflects the broad scope of our offerings and our market-leading position.”
tZERO Securities will continue “to operate its ATS secondary trading business and self-clearing operations in addition to its new Investment Banking and Private Placement business lines providing users with a single platform for all of their investing needs.”
tZERO Group, the parent company of tZERO Securities, “will continue to operate its current activities as a holding company and leading provider of technology and tokenization services for the capital markets industry.”
As covered, tZERO Group, Inc. and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets.
They offer institutional-grade solutions “for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system.”
tZERO, through its broker-dealer subsidiaries, “democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.”
tZERO ATS, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC.