TZero to Digitize and Trade $18M of Equity in Real-Estate Crowdfunder NYCE

Security token trading platform tZERO is to digitize and trade around $18 million worth of equity in real-estate crowdfunding company NYCE.

The equity will be digitized once issued in NYCE's upcoming Regulation A+ offering, subject to regulatory approval, the company said Wednesday.
NYCE was co-founded by the Danish soccer player, FC Barcelona forward Martin Braithwaite, and holds $260 million in assets under management through its real-estate portfolio.
TZero will support the secondary trading of NYCE's digital securities through its smart-contract technology.
Subject to due diligence, tZERO expects to trade NYCE shares through its broker-dealer subsidiary tZERO ATS.

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Jamie Crawley

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.