tZERO's security token now available to retail, but they aren't biting

InstitutionalAugust 23, 2019, 6:30AM EDT
UPDATED: March 17, 2022, 5:27PM EDT
tZERO's security token now available to retail, but they aren't biting
Partner offers

We'd love your feedback.

Advertisement

Following tZERO's announcement that its own security token, TZROP, would be tradable to non-accredited investors on August 12, many believed that activity on its alternative trading system (ATS) would increase dramatically. So far, that has not been the case with daily trade volumes falling back below $15,000, leading one to believe that the low interest levels may have been caused by other factors.

When tZERO launched its security token marketplace in January, there was limited infrastructure. In order to trade on the ATS, accredited investors had to create a brokerage account with a third-party company called Dinosaur Financial Group (Dino for short). From the get-go, customers quickly grew frustrated by:

Expert insights. Delivered.

Get access to a suite of news, research, data, and funding tools