Overstock’s tZERO Wins FINRA Approval to Launch Retail Broker-Dealer Subsidiary
The firm announced Thursday that FINRA approved its application to launch tZERO Markets, a retail broker-dealer subsidiary.
The fund aims to compete with Grayscale's Bitcoin Trust and others by offering a 50 basis point lower expense ratio.
U.S. lawmakers asked the SEC and FINRA to clarify how crypto firms can become registered broker-dealers and provide custody services for crypto assets.
FINRA, the SEC and the New York Attorney General’s Office are all making enquiries with the trading app provider.
Texture is the latest tokenization firm to eye the $1.5 trillion private securities market.
Digital security exchanges that ensure listed assets are legitimate will not face sanctions, the SEC said in an open letter.