The partnership will enhance tZERO’s access to forward-thinking commercial property issuers of digital securities and offers to Earn users the exposure to latest financial tools
In a joint press release yesterday, tZERO ATS, the broker-dealer firm that is engaged in facilitating secondary trading of digital security tokens, and Earn.re, the commercial real estate tokenisation and finance platform announced that they will be collaborating to offer real-estate backed digital securities liquidity. The partnership is expected to help tZERO move one step closer towards its goal of democratising access to private capital markets.
The partnership will enable Earn’s network of US-based commercial property issuers to choose to provide secondary liquidity for the trading of digital assets on tZERO ATS, a perk that will be subject to tZERO ATS’s due diligence of the individual securities, applicable regulatory requirements, and any required technology integrations.
Saum Noursalehi, the Chief Executive Officer of tZERO stated that the partnership between the two firms will allow tZERO to improve its exposure to would-be property issuers of digital securities.
“We are excited about our partnership with Earn. This alliance will increase tZERO’s exposure to forward-thinking commercial property issuers of digital securities that are seeking an innovative, liquidity solution,” the executive said.
Earn CEO Aaron Lohman, on the other hand, emphasised the utility of digital securities and explained how the latest association with tZERO is a sure shot way to expose Earn’s customers to top financing tools.
“Earn is committed to ongoing technology and systems development, and ensuring our users have access to the latest tools available to enhance their real estate financing and investment activities,” Lohman said. “We believe digital securities are the future of the industry and are excited to partner with tZERO ATS, the leading venue for secondary liquidity in the industry,” he added.
tZERO, a subsidiary of Medici Ventures, the blockchain-focused, wholly-owned subsidiary of Overstock.com, is an innovative liquidity platform for private companies and assets. It offers institutional-grade solutions to allow issuers to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system
Headquartered in New York, Earn focuses on providing enterprise software applications used for issuing and servicing digital securities backed by commercial real estate (CRE).Its platform exposes digital security issuers with exposure to a global community of investors while enabling access to blockchain for the purpose of financing CRE, providing users with enhanced transactional certainty, transparency, liquidity, and control.