Overstock.com's (OSTK) tZERO Signs Agreement With Transfer Agent and Issuance Platform, Vertalo
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tZERO, a leader in blockchain innovation and liquidity for digital securities, announced today it signed a technology integration agreement with Vertalo, a digital transfer agent that enables the issuance and management of compliant digital securities and connects broker-dealers, issuers, custodians, and exchanges through its B2B SaaS platform. Following the integration, Vertalo’s technology will be interoperable with tZERO’s technology stack, which powers the alternative trading system (ATS) that is operated by tZERO ATS, a FINRA member broker-dealer.
tZERO CEO Saum Noursalehi stated, “We are excited to integrate Vertalo into the tZERO ecosystem. Issuers that have tokenized with Vertalo will now have private digital securities compatible with our trading ecosystem, providing them a path to secondary liquidity.”
Through its platform, Vertalo connects and enables the digital security ecosystem by utilizing blockchain technology to simplify investor onboarding, manage digital cap tables, and facilitate secondary market liquidity. There are currently 35 companies utilizing Vertalo’s investor onboarding, tokenization and transfer agent services, including Deal Box, a capital markets consulting firm that aims to digitize 22 equity offerings through Vertalo on the Tezos Blockchain.
Vertalo CEO and Co-founder Dave Hendricks said, “We have collaborated with Saum, his development team, and their internal counsel to integrate Vertalo’s SEC-registered transfer agent into tZERO’s ecosystem and provide our customers with access to a market-leading secondary liquidity platform for digital securities, the tZERO ATS. Our goal is to lead the widespread adoption of digital assets and this integration was a natural fit.”
tZERO is a technology firm with the goal of democratizing access to private capital markets. tZERO is a subsidiary of Medici Ventures, the blockchain-focused, wholly owned subsidiary of Overstock.com, Inc. (NASDAQ: OSTK).
Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in a single security could mean lack of diversification and, consequently, higher risk. Potential investors are urged to consult a professional adviser regarding any economic, tax, legal or other consequences of trading any securities as described herein.
No Offer, Solicitation, Investment Advice or Recommendations
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
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