tZERO says that Muriel Siebert & Co. has selected their platform to enable tokenization.
tZERO states that Muriel Siebert & Co. is a broker dealer with “institutional distribution reach” and around $20 billion in wealth management assets.
tZERO will facilitate digital securities for the broker with the first offering being The first offering being GLDY, a gold-backed, yield-bearing tokenized security developed by Streamex Corp. This is a private placement, utilizing Reg D providing accredited investors with access to a tokenized gold.
Alan Konevsky, Chairman and Chief Executive Officer of tZERO, said the partnership was exactly what tZERO was built for, enabling firms to provide digital assets via a single integrated platform.
John Gebbia, CEO of Siebert, said tokenized securities is an important evolution and they now have the infrastructure to enter the space.