TZero and Boston Stock Exchange cooperate to roll-out regulated security token exchange

TZero, a FinTech blockchain company developing a platform to integrate with capital markets, is partnering with the operator of the Boston Stock Exchange, the BOX Digital Markets LLC company.

Security tokens are welcome

Security tokens are welcome

The goal of this joint venture is to build a platform that will allow companies to hold ICOs with respect to federal regulations as well as public companies to issue shares in the form of digital assets. Partners are now developing a strategy that could provide trading of cryptocurrencies that are ranked as securities by the federal regulations.

Saum Noursalehi, the new chief executive at tZero, pointed out that the partnership is a “significant milestone” for the integration of cryptocurrency markets into conventional finance sector.

“Our partnership with BOX Digital Markets is a significant milestone that will create the first SEC-regulated exchange designed to trade crypto securities efficiently”, he said.

Lisa Fall, CEO of BOX Digital and president of BOX Options Exchange, will be the CEO of the joint venture.

“tZERO’s track record and accomplishments in this innovative area, coupled with BOX’s expertise in operating a highly efficient and transparent equity options marketplace, made partnering together an easy decision and we look forward to building a world-class platform for listing and trading security tokens,” Lisa Fall commented.

Box Digital will carry out the security token exchange and contribute expertise to get the regulatory approval, while tZero will bring in finances and license its blockchain technology for the security token trading on the platform.