The tZERO share token trading platform has been approved by the Financial Institutions Regulatory Authority (FINRA) to launch the retail broker-dealer tZERO Markets.
A subsidiary of US online retailer Overstock will also launch a non-custodial cryptoasset exchange app that will support BTC, ETH and RVN. According to the press release, the tZERO subsidiary broker-dealer will offer investment banking and capital raising services to token issuers.
The company is registered with the US Securities and Exchange Commission (SEC) and has now received FINRA approval. TZERO CEO Saum Noursalehi said tZERO Markets is likely to launch in the coming months. Depending on the results of the regulatory review, the web version of the platform will be launched first, followed by the Android and iOS apps.
Recall that last summer tZERO received a patent for a technology for settling settlements for tokenized assets in the blockchain, and also launched public trading in tokens-shares. In addition, last fall, tZERO, together with the Tezos Foundation, announced plans to tokenize real estate in the UK for a total of £ 500 million (about $ 643 million).