First SEC-Compliant Alternative Trading System Launched for ICO Market
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First SEC-Compliant Alternative Trading System Launched for ICO Market
tZERO, a subsidiary of Overstock.com (NASDAQ: OSTK), RenGen and the Argon Group, today announced a joint venture to launch an Alternative Trading System (ATS) for the trading of security tokens issued in Initial Coin Offerings (ICO) in compliance with US SEC and FINRA regulations.
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“With ICO blockchain offerings surpassing traditional early stage VC funding and U.S. regulators seeking legitimate venues to support security token offerings, with this JV tZERO continues to maintain its leading edge in blockchain financial technology,” said Patrick Byrne, CEO of Overstock. “tZERO ... (read more)
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