tZERO operates an SEC-regulated alternative trading system (ATS) and broker-dealer that provides blockchain-based liquidity and trading solutions for private and public assets, cryptocurrencies, and NFTs. The company offers institutional-grade tools for issuers to digitize cap tables and for broker-dealers, institutions, and investors to access private assets on an automated, regulated venue. tZERO is pursuing expanded market infrastructure initiatives, including a joint venture with BOX Digital Markets to launch the Boston Security Token Exchange (BSTX), a regulated blockchain-enabled securities exchange. The firm is a portfolio company of Medici Ventures, whose general partner is affiliated with Pelion Venture Partners; Overstock is a limited partner of Medici Ventures and holds a direct minority interest in tZERO. Management recently announced the appointment of David Goone, formerly ICE Chief Strategy Officer, as tZERO’s CEO effective March 2022, signaling a strategic push toward product and operational scaling. The company said it completed an additional strategic funding round from new and existing investors to support growth and innovation. tZERO develops distributed ledger and smart contract technology to increase efficiency and transparency in capital markets, focusing on tokenizing, trading and settling digital securities. The company is majority owned by Overstock.com and is part of Medici Ventures’ keiretsu. tZERO positions itself as a next-generation capital markets platform and is actively commercializing its fintech and blockchain innovations. It completed a $5 million equity investment from GoldenSand Capital, which the company says will support strategic collaboration and partnership opportunities. GoldenSand has expressed intent to leverage its Asia connections and portfolio assets to pursue synergies with tZERO’s tokenization protocol. The company emphasizes it is not a registered broker-dealer or investment manager and does not provide brokerage or underwriting services. tZERO develops and commercializes FinTech built on blockchain to bring greater efficiency and transparency to capital markets. The company is building securities trading functionality and working on a joint venture with BOX digital Markets to launch a regulated security token exchange. tZERO is conducting a Security Token Offering (STO) and has executed SAFEs in excess of $168 million, with over $95 million funded and roughly 1,000 participants from 30 countries. Proceeds from the STO will be used to build trading capabilities, bolster the team, and support international expansion. tZERO’s leadership frames the GSR investment as validation of its strategy to introduce blockchain to capital markets.

Total raised

$165M

Funding rounds

3

Latest round

Equity

Latest activity

Apr 2020