E-commerce giant overstock.com’s cryptocurrency subsidiary tZERO declared that secondary trading of tZERO tokens is currently live, as per a press release published January. 24.

Per the release, accredited investors will trade the security tokens through a digital securities account at dinosaur financial group, which can act as a broker-dealer. Dinosaur partnered with tZERO subsidiary pro Securities, that provides another trading system for secondary trading of tZERO security tokens. Chief executive officer of tZERO Saum Noursalehi said:

“The world of security tokens has lacked a regulated venue for secondary trading. The trading of our own security tokens is the crossing of the Rubicon for the new world of Cryptocurrencies. This might produce democratize access, liquidity, bring transparency and potency to international markets and accelerate the adoption of security tokens.”

 tZERO introduced the prototype of the securities trading platform in April 2018. As per Overstock’s chief executive officer Patrick Byrne, the image intended to "get a concept of the breadth” of what tZERO planned to offer.

The firm completed its security token offering (STO) in August 2018, raising $134 million from over 1,000 international investors. The firm in the beginning introduced the STO in the sort of an initial coin offering (ICO) in Dec 2017, having attracted robust crypto and traditional institutional interest.

In March, tZERO’s ICO fell under scrutiny from the U. S. Securities and Exchange Commission, inflicting Overstock’s share value to drop. Overstock had antecedently filed for its ICO to be classified under regulations D and S rather than as a traditional securities filing.

Earlier this month, tZERO filed a patent for a “crypto integration platform” for trading digital assets. The patent filing describes a system that might be able to receive orders to trade “digital transactional items” from broker-dealers then translate the orders into crypto orders on a digital exchange. Such things embody securities, tokens, digital shares, money equivalents and digital assets.

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