According to a recent report by CoinDesk, the launch of retail investing comes as the one year lock-up period for tZERO’s security token offering expires. To date, only accredited investors have been able to use the platform.
tZERO’s platform currently supports two security tokens: tZERO’s own private equity token, TZEROP, and Overstock’s digital voting series A-1 preferred stock.
While the number of platform registrations has not been impressive to date, tZERO CEO Saum Noursalehi told CoinDesk that he expects to see around 50,000 registrations in the near future.
“We had a lot of broker-dealers, about 30 or 40, reach out to us that want to get involved in this ecosystem,” he told CoinDesk. “We’re working on these requests. Investors have been sending questions as well. They are excited and they are trying to understand it.”
As we previously reported, tZERO is also launching its own cryptocurrency wallet and exchange app. The new app is designed to replace the risky third-party crypto exchanges by providing a secure and user-friendly mobile platform.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.