US regulator FINRA approves tZERO as retail broker-dealer

tZERO announced that the Financial Industry Regulatory Authority (FINRA) has approved the membership application of tZERO Markets, a retail broker-dealer and wholly-owned subsidiary of tZERO that is registered with the Securities and Exchange Commission (SEC).

This approval allows tZERO Markets to offer its customers retail brokerage services for digital securities and provide issuers with investment banking and placement agent services in connection with capital raising activities. At launch, tZERO Markets will start onboarding US-based retail investors with plans to expand to entities and international investors.

tZERO CEO Saum Noursalehi said in a statement: “Through tZERO Markets, we will establish a direct relationship with our customers, while also offering a streamlined experience for onboarding and trading digital securities. We expect tZERO Markets to launch its services in a couple of months…From digitizing a private company’s ownership records to trading through an institutional-grade order-management system, tZERO has built an end-to-end ecosystem that democratizes access to private assets.”

Read the full release

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