tZERO announced that secondary trading of its security tokens is now live. Accredited investors can trade tZERO security tokens with other accredited investors through a digital securities brokerage account at Dinosaur Financial, which will act as the introducing broker-dealer.
Dinosaur has partnered with PRO Securities, a tZERO subsidiary, which offers an alternative trading system to provide market access for secondary trading of the tZERO security tokens, during market hours initially.
tZERO, which provided the technology behind trading of the world’s first public digital asset, OSTKP, in 2016, raised $134 million from over 1,000 global investors during its highly publicized security token offering (STO), which closed in August 2018.
Following the mandatory 90-day lock-up period, investors now have an efficient path to liquidity through the blockchain for the first time ever, and laid the groundwork for the trading of other tokenized assets, such as debt instruments, commodities and real-estate.