tZERO Group Inc., a firm focused on technology solutions for capital markets, is pleased to announce the launch of Spirits Capital Corporation’s capital raise using the tZERO Securities platform.
Spirits provides investors with “a path to capitalize on the growth in value of premium American whiskey while it matures in the barrel.”
The offering was qualified “with the Securities and Exchange Commission (SEC) and allows investors to now invest in the company specializing in secured Cask Investment Deeds (CID).”
This is an important step in “the democratization of capital raising in unique, typically elusive asset classes using a transparent and self-directed platform operated by tZERO Securities, an SEC and FINRA regulated broker-dealer.”
“We are excited to launch the Spirits Capital Corporation capital raise under our tZERO Securities brokerage unit. We continue to launch services for high quality sponsors reflecting tZERO’s broad scope and market-leading position.”
Todd Sanders, Chairman & CEO, of Spirits Capital Corporation states:
“There are several factors that led us to move forward with tZERO. The most compelling reasons were the company’s integration of technology across the platform and their affiliation with ICE.”
As covered, tZERO Group, Inc. and its broker-dealer subsidiaries aim to “provide an innovative liquidity platform for private companies and assets.”
They aim to “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, says that it “democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.”
As noted in the update, tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC.”
As mentioned in the announcement, Spirits Capital Corporation says it “provides investors with a secure way to capitalize on the growth in value of premium American whiskey while it matures in the barrel.”
When fresh whiskey is first poured, it must “age over the course of several years to achieve its full value.”
By working directly with premium U.S. distillers, we’ve created a unique investment that enables investors “to participate in that double-digit growth during the aging period with a clear time frame and exit strategy.”
They’ve integrated whiskey and technology experts “to bring our customers the finest premium product and value through secure and transparent transactions.”
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