tZero and Box Digital to open JV for security-tokens

Posted 23 May, 2018

tZero company run by online-retailer Overstock, and Boston-based BOX Digital Markets LLC have announced a joint venture project aimed at security-tokens trading.

According to the news reports, the new trading platform will list startups' security-tokens, while the parent companies will also be able to tokenize shares at the traditional exchanges.
The new platform will be a 50/50 JV between tZero and Box Digital. Its Board will equally consist of the representatives of each company. The parties have agreed that the project will have on independent director which will be appointed by the companies upon their mutual agreement. Lisa Fall, the current CEO of Box Digital and president of BOX Options Exchange LLC, is said to take the position of the CEO at new JV.

"Our partnership with BOX Digital Markets is a significant milestone that will create the first SEC-regulated exchange designed to efficiently trade crypto securities. Lisa Fall’s leadership, reputation and deep experience in the regulated securities exchange industry will be a major asset in achieving this objective," commented Saum Noursalehi, newly appointed CEO of tZERO.

"tZERO’s track record and accomplishments in this innovative area, coupled with BOX’s expertise in operating a highly efficient and transparent equity options marketplace, made partnering together an easy decision and we look forward to building a world-class platform for listing and trading security tokens," said Lisa Fall to mass media.

Under the agreement, tZero will reportedly provide funds for the new platform and license its own blockchain projects designed for a security-tokens segment. Box Digital will be responsible for expert support for the project and promotion of harmonization of the cooperation with financial regulators.

Previous story

23 May, 2018 12:23

← Monero can be a blueprint for new crypto protocol

Monero network can become a foundation for new digital asset protocol – Tari. The new protocol will be designed for "non-fungible tokens with unique properties, such as tickets with ownership information". In addition, Tair is believed to enable users take part in stockists market. The team of developers will also include Riccardo Spagni, project lead in Monero, and entrepreneur Dan Teree.

Monero can be a blueprint for new crypto protocol

Next story

23 May, 2018 11:02

US dollar stronger driven by upcoming release of Federal Reserve minutes →

The US dollar has raised in price against the majors in the middle of the week after showing some weakening a day before. Investors have again become interested in risk assets seeing better relations between the USA and China. The markets are reportedly waiting for the minutes of US Federal Reserve meeting, expecting possible strong signals of the interest rate revision.

US dollar stronger driven by upcoming release of Federal Reserve minutes
Write a comment
 
Prove you’re not a bot + 13 = 27