tZERO ATS and DigiShares partner to help issuers create secondary liquidity

By Pavithra R

tZERO, a leading financial technology company that owns, develops and operates a suite of FinTech solutions for capital markets, has announced that its subsidiary, tZERO ATS, a FINRA member broker-dealer that operates an alternative trading system (ATS), has entered into an agreement with DigiShares, a white-label platform for tokenized securities, to connect issuers of digital securities on the DigiShares’ platform to the tZERO ATS.

DigiShares’ network consists of many investment fund managers, real estate developers, asset managers, renewables project developers and others based in the U.S., Asia, Europe, Russia, and Africa. Under the partnership, interested issuers can now opt in to provide secondary liquidity for their digital securities, subject to tZERO ATS’s due diligence and applicable regulatory requirements.

“DigiShares is a forward-thinking company and understands the enormous potential in tokenizing assets, particularly in the traditionally illiquid real estate space. tZERO ATS is excited to provide DigiShare issuers with an innovative solution to create secondary liquidity,” said tZERO CEO Saum Noursalehi.

Danish-based DigiShares provides white-label solutions for the issuance, corporate management, and trading of digital securities. The firm has existing reputable relationships with Polymath, F10, UPRETS, Alcion, and many others. The collaboration is expected to increase tZERO’s access to potential equity crowdfunding, real estate, and other types of digital securities issuers seeking secondary liquidity.

“DigiShares is focused on bringing efficiency to the token sale and cap table management processes to streamline the tokenization of assets. Our diverse customer base of issuers will now be connected to a market-leading secondary liquidity platform for digital securities, the tZERO ATS. We look forward to collaborating with tZERO, a company that shares our vision of building bridges between traditional finance and blockchain technology,” said DigiShares CEO Claus Skaaning.

tZERO is a technology firm with the goal of democratizing access to private capital markets. It is a subsidiary of Medici Ventures, the blockchain-focused, wholly-owned subsidiary of Overstock.com. Recently, the firm formed a partnership with commercial real estate tokenization & finance platform Earn.re.