tZERO Launches Second Digital Security to Trade on PRO Securities ATS

OSTKO, the Digital Voting Series A-1 Preferred Stock, will replace its predecessor Blockchain Voting Series A Preferred Stock – OSTKP

AccessTimeIconJun 28, 2019 at 3:00 a.m. UTC
Updated Aug 18, 2021 at 1:02 p.m. UTC

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tZERO, a blockchain company focused on capital markets, announced today that the Digital Voting Series A-1 Preferred Stock is the second digital security available for trade on its PRO Securities ATS, an SEC registered alternative trading system.

Listed as OSTKO – formerly OSTKP – it is available on the non-exchange venue that matches buyer and seller counterparties for transactions. The venue is backed by tZERO’s security token trading technology.

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  • This follows on “the commencement of secondary resales among accredited investors of tZERO's security tokens in January 2019,” according to a company statement.

    "This is a key step in the drive to attract additional assets, such as private companies, real estate, debt instruments, and commodities,” said Saum Noursalehi, CEO of tZERO.

    Dinosaur Financial Group, a subscriber to PRO, will serve as broker-dealer. Trades can only be placed through a digital securities brokerage account at Dinosaur. Additionally, clearing and custody will be provided by Electronic Transaction Clearing, and Computershare will act as transfer agent.

    Overstock issued the first SEC-registered digital security in the world, in 2016, the Blockchain Voting Series A Preferred Stock – OSTKP – using the same technology behind OSTKO, which will take over as its predecessor is retired.

    tZERO is a subsidiary of Overstock.com, which develops blockchain-based financial technologies.

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