tZERO, a provider of blockchain innovation and liquidity for digital securities, has signed a technology integration agreement with Vertalo, a digital transfer agent that enables the issuance and management of compliant digital securities and connects broker-dealers, issuers, custodians, and exchanges through its B2B SaaS platform. Following the integration, Vertalo’s technology will be interoperable with tZERO’s technology stack, which powers the alternative trading system (ATS) that is operated by tZERO ATS, a FINRA member broker-dealer.
“We are excited to integrate Vertalo into the tZERO ecosystem,” CEO Saum Noursalehi said. “Issuers that have tokenized with Vertalo will now have private digital securities compatible with our trading ecosystem, providing them a path to secondary liquidity.”
Through its platform, Vertalo connects and enables the digital security ecosystem by utilizing blockchain technology to simplify investor onboarding, manage digital cap tables, and facilitate secondary market liquidity. There are currently 35 companies utilizing Vertalo’s investor onboarding, tokenization and transfer agent services, including Deal Box, a capital markets consulting firm that aims to digitize 22 equity offerings through Vertalo on the Tezos Blockchain.
“We have collaborated with Saum, his development team, and their internal counsel to integrate Vertalo’s SEC-registered transfer agent into tZERO’s ecosystem and provide our customers with access to a market-leading secondary liquidity platform for digital securities, the tZERO ATS,” Vertalo cofounder and CEO Dave Hendricks said. “Our goal is to lead the widespread adoption of digital assets and this integration was a natural fit.”
tZERO is a technology firm with the goal of democratizing access to private capital markets. tZERO is a subsidiary of Medici Ventures, the blockchain-focused, wholly owned subsidiary of Overstock.com, Inc. (NASDAQ:OSTK).
