tZERO – Alternative Trading System Security Token ICO Exchange?
T Zero is a distributed ledger platform for capital markets. Find out how T Zero works today in our review.
What Is T Zero?
T Zero, found online at TZero.com, is a platform that integrates cryptographically secure distributed ledgers (blockchains) with existing marketing processes. They do this to reduce settlement time and costs while increasing transparency, efficiency, and auditability.
The company also goes by the name T Zero or “t0”. It’s labeled as an “alternative trading system”, or ATS, for blockchain assets.
T Zero is a subsidiary of Overstock.com.
The goal of T Zero is to transform the trading of security tokens issued in ICOs. The company wants to create ICOs that are compliant with SEC and FINRA regulations.
T Zero first announced its new project to the internet with a press release on October 4, 2017. However, T Zero has been active in the blockchain space since 2015. In December 2016, they made headlines for launching the first-ever day of stock trading on a blockchain-based platform.
How Does T Zero Work?
T Zero has created a modular, adaptable platform. The platform integrates with trade participants to create a real-time, authenticated, immutable ledger.
That ledger can host ICOs that are compliant with FINRA and SEC regulations.
To bring the platform to life, T Zero partnered with RenGen LLC and the Argon Group.
“Now, by combining our expertise with Argon's advisory services and RenGen's electronic trading, deep liquidity and market making capabilities, we are in a position to launch the only U.S. SEC compliant token trading venue,” explains Dr. Patrick M. Byrne, CEO of Overstock.
“tZERO has been at the forefront of the blockchain revolution for years, working closely with regulators since 2015 – launching the world’s first SEC compliant ATS for blockchain assets, the first private blockchain bond offering, and the first ever public issuance of a blockchain security.”
T Zero first made headlines in December 2016 for launching the first day of stock trading on a blockchain-based, distributed ledger. The t0 blockchain platform operated for 6.5 hours, although there wasn’t much activity on the platform. Nevertheless, it was the first-ever day of stock trading on a blockchain-based, shared ledger.
The goal for T Zero now is to get additional firms to list themselves on the platform – say, if other firms want to launch IPOs or stock trading on the t0 platform, they can reach out to T Zero to do that.
T Zero Features
T Zero advertises all of the following features:
- Pre-Trade: Encrypted accounts for all users.
- Trading: T Zero offers a trading platform with Enhanced FIX.
- Post-Trade & Servicing: Clearing and reconciliation.
- Performant Ledger: Distributed register.
About T Zero
T Zero is a blockchain technology company that’s been active since 2015. The company has offices in the Financial District of Manhattan, New York as well as Salt Lake City, Utah.
Key members of the company include Dr. Patrick Byrne (Founder), Joseph Cammarata (President), John Gilchrist (Chief Information Officer), Max Melmed (Chief Strategy Officer), and Alex Vlastakis (Chief Administrative Officer).
In December 2016, Overstock announced that it had raised $10.9 million through an unusual offering comprised of $1.9 million worth of stock traded via digital assets on the t0 platform. During this offering, 55 investors purchased a total of 126,565 shares for $15.68.
The T Zero ICO
T Zero may be holding an ICO in the near future. The company is currently exploring several business models, including issuing its own ICO token. However, no formal plans or announcements have been made regarding that ICO.
You can stay up-to-date on the latest news from the company and its ICO here: tzero.com/ico/
T Zero Conclusion
T Zero, also known as T Zero or “t0”, is a blockchain technology that seeks to combine the value of conventional stock markets with the world of blockchain technology. It’s a subsidiary of Overstock. In December 2016, the company made headlines for running the first-ever day of stock trading on a blockchain-based, shared ledger. Today, the company appears to be seeking out partners for its distributed ledger platform, including companies that wish to sell stocks or securities over the platform.
T Zero may schedule an ICO for the future. However, ICOs are just one of several funding options currently being explored by the company.
To learn more about T Zero, visit online today at TZero.com.