tZERO Plans to Support Trading of Aspencoin Ski Resort Digital Security
Token issuer Aspen Digital raised $18 million selling digital shares of the St. Regis resort in 2018.
The integration will enable Prime Trust to manage the custody of digital securities and cryptocurrencies for its customers using tZERO for trading.
BOX proposed a rule change to the SEC for using the Ethereum blockchain to record and publishing end-of-day securities ownership balances.
On the Overstock-owned platform, TokenSoft customers will be able issue security tokens that retail and accredited investors can trade.
The firm announced Thursday that FINRA approved its application to launch tZERO Markets, a retail broker-dealer subsidiary.
In an attempt to slow its cash burn rate, tZERO slashed headcount and asked senior staff to take equity as it prepares for a new raise.