tZERO-Backed Startup Seeks SEC Approval to Launch Security Token Market
BSTX is seeking regulatory approval to launch one of the first markets for publicly traded, registered security tokens.
The commission has extended a comment period on a proposed rule change to clear a regulatory path for the Boston Security Token Exchange, a tZERO-backed platform.
The bitcoin-friendly retail company and the parent of security token marketplace tZERO says it was again subpoenaed by the Securities and Exchange Commission at the end of 2019.
The blockchain-friendly online retailer is planning to distribute its long-delayed digital asset shareholder dividend on May 19.
The Boston Options Exchange modified its plan to launch a security token exchange, increasing its required market makers and bringing its listing standards closer to the NYSE's.
The blockchain startups will tokenize portions of properties financed by U.K.-based Alliance Investments.