East-commerce giant Overstock.com'due south cryptocurrency subsidiary tZERO announced that secondary trading of tZERO tokens is now alive, according to a press release published Jan. 24.

Per the release, accredited investors can trade the security tokens through a digital securities brokerage account at Dinosaur Fiscal Group, which volition act as a broker-dealer. Dinosaur partnered with tZERO subsidiary PRO Securities, which provides an alternative trading organisation for secondary trading of tZERO security tokens. CEO of tZERO Saum Noursalehi said:

"The globe of security tokens has lacked a regulated venue for secondary trading. The trading of our ain security tokens is the crossing of the Rubicon for the new world of digital assets. This volition create liquidity, democratize access, bring transparency and efficiency to global markets and accelerate the adoption of security tokens."

In April 2022, tZERO introduced the image of the securities trading platform. According to Overstock'south CEO Patrick Byrne, the prototype intended to "get an idea of the latitude" of what tZERO planned to offering.

The firm completed its security token offering (STO) in Baronial 2022, raising $134 million from over 1,000 global investors. The company initially introduced the STO in the class of an initial coin offering (ICO) in December 2022, having attracted strong crypto and traditional institutional interest.

In March, tZERO's ICO fell nether scrutiny from the The states Securities and Exchange Commission, causing Overstock's share cost to drop. Overstock had previously filed for its ICO to exist classified under Regulations D and Southward instead of every bit a traditional securities filing.

Before this month, tZERO filed a patent for a "crypto integration platform" for trading digital avails. The patent filing describes a organisation that would be able to receive orders to trade "digital transactional items" from broker-dealers so translate the orders into crypto orders on a digital exchange. Such items include securities, tokens, digital shares, cash equivalents and digital assets.