tZERO is a financial technology company that provides market-based solutions for companies, entrepreneurs, and retail and institutional investors. They aim to democratize access to capital markets through innovative and transparent marketplaces. tZERO offers services for raising capital, enabling liquidity, trading digital securities, and investment opportunities. They are a regulated venue for trading securities, including both traditional and digital securities. tZERO is backed by leading financial institutions and offers tailored primary raises, tokenization services, investor management, and secondary trading.
t0.com Inc. is a subsidiary of publicly traded firm, Overstock.com Inc. (NASDAQ:OSTK). Through a series of transactions, Overstock, through tZero, acquired Pro Securities, a FINRA regulated broker dealer that operates an Alternative Trading System (ATS), and SpeedRoute, a FINRA-regulated agency brokerage firm that specializes in routing equity orders to U.S. market centers. tZero also owns a majority interest in Blue Ocean, an overnight equity trading platform that facilitates trades outside the purview of the Depository Trust & Clearing Corporation as well as National Securities and Clearing Corporation.
tZero has also engineered licensable Digital Locate Receipt (DLR) software to automate stock loan transactions with the goal of increase pricing efficiencies and prevent naked short selling. In 2018 they launched tZero Advisors, a digitally driven investment platform allowing users to create a customizable, diversified portfolio of equities.
tZero has built out an issuance and trading platform designed for security tokens that went live in January 2019 and enabled trading of its own TZRO security token. There exists a web platform designed for less sophisticated retail users as well as a desktop system designed to mimic the front end trading system professional trader's are accustomed to. As an ATS, tZero only enables the trading of private securities, but has partnered with Boston Options Exchange to create a securities token exchange for publicly traded companies.