tZERO Seeks FINRA Approval to Expand Services to Non-Security Crypto Assets

tZERO Group, Inc., an innovator in blockchain-powered multi-asset infrastructure, announced that it and its broker-dealer subsidiaries are advancing their objective of a unified, multi-asset, global platform that leverages the unique broker-dealer-led regulatory and operational stack for tokenized assets. The company is working with FINRA on a request to support end-to-end issuance and secondary trading services for non-security crypto assets. This application represents an important step in tZERO's broader plan to build a unified, interoperable digital asset ecosystem that connects regulated market infrastructure across global markets with blockchain-native execution, settlement, and custody, spanning the full digital asset lifecycle.

The initiative leverages tZERO's existing regulated footprint, including its position as one of only two broker-dealers permitted to custody digital asset securities directly on chains in wallets operated by tZERO. The company's years of experience in the tokenized securities market, and its experience as a provider of on-chain custody services, position it to deliver on this next evolution of its product offering. Key components of the proposed service include integrated issuance support for primary issuance of crypto assets with a smooth transition to secondary trading and liquidity, dual custody options through self-hosted wallets or custodial wallets under tZERO Digital, multi-venue routing and execution to tZERO's ATS, third-party centralized exchanges, liquidity providers, or decentralized protocols, and on-chain settlement including atomic locking and smart-contract driven transfers.

Alan Konevsky, CEO of tZERO, stated that this step is another milestone in the company's long-term convergence strategy and leadership with on-chain operations as a broker-dealer. He envisions a future where all asset types including crypto, RWAs, equities, stablecoins, predictive markets, derivatives and other asset types converge and interact on unified blockchain and smart contract rails. Expanding the ability to facilitate non-security digital assets within a regulated framework moves the company closer to a global, 24/7 market structure built on interoperability and automation. Konevsky noted that the infrastructure being built to support the vision for non-security crypto services will also bolster and support digital asset securities offerings, including plans to support public tokenized stock, with end-to-end on-chain infrastructure supporting these services.

Vanessa Savino, Chief Legal Officer at tZERO, added that this initiative supports the infrastructure the company ultimately wants to deliver under one regulated roof, including user-choice in custody, open connectivity across market venues, and on-chain settlement that reduces friction while maintaining regulatory integrity. The company's legal and regulatory initiatives continue to focus on driving this vision forward. More information about tZERO Digital Asset Securities may be found on FINRA's BrokerCheck, and additional details about the company are available on its website. The original release can be viewed on NewMediaWire.