The tZERO offering is now closed and is no longer accepting investments.

tZERO

Distributed Ledger for Capital Markets

506c
New York, NY
Technology
Accepting International Investment

This offering for accredited investors only | To verify your accreditation click "Invest Now"

The Trade Is The Settlement

tZERO's vision is to strengthen capital markets through the use of technology, with a primary focus on blockchain technology.


The Capital Markets connect entrepreneurial businesses seeking to raise capital with investors seeking investments that will provide a return on their investment. Modern capital markets form a system that is integral to society. As a result, strengthening capital markets contributes to a variety of societal goods, including wealth formation, job creation, and the freedom to pursue entrepreneurial dreams


tZERO intends to strengthen capital markets by:

 

  • Increasing transparency
  • Providing a liquidity framework to markets 
  • Reducing reliance on costly intermediaries

The tZERO platform integrates cryptographically secure distributed ledgers with existing market processes to reduce settlement time and costs, increase transparency, efficiency and auditability.

tZERO seeks to bring enterprise-grade technology to burgeoning crypto capital markets and aims to integrate blockchain technology into traditional capital market functions. As the fintech and blockchain industries intertwine, the businesses that emerge will be:


  • Highly adaptable
  • Forward-thinking
  • Experienced 


tZERO meets all of these criteria and more. Our battle-tested technology stack sets us apart from other parties in our space, many of whom have only an outline of goals as their sole piece of intellectual property. Our huge investments in developing a regulatory strategy have laid the foundation for our vision to become reality.

tZERO plans to change the world.

We hope you join us!

tZERO's Trading Platform and Planned Token-Trading System

After several years of development, tZERO has positioned itself to capture the fast-growing digital securities market. To date, tZERO has the only platform that has ever traded a digital security, and we are working diligently to build a token trading system to trade securities.

The tZERO Token

The tZERO token (TZRO) is an ERC-20 compliant token or equivalent that will be offered as a security to qualified investors in accordance with US and other laws.

Dividends

The tZERO token will pay 10% of adjusted gross revenue to token holders on a quarterly basis, subject to board approval and the conditions outlined in the offering memorandum. 


Promotes price stability by encouraging token holders to temporarily lock up tokens in order to receive dividends.

tZERO Platform Highlights

Present

1

tZERO owns two SEC registered and FINRA Member broker-dealers, SpeedRoute LLC, a premier routing and execution firm, and PRO Securities LLC, as an Alternative Trading System (ATS), which is the first SEC and FINRA regulated ATS to enable and support secondary trading of a crypto security (Overstock's Blockchain Voting Series A Preferred).

2

tZERO’s Digital Locate Receipt software, which is in customer production testing, is designed to provide market participants with a more transparent, efficient, and compliant solution for the lending and borrowing of securities.

3

tZERO’s proprietary routing technology services over 125 broker dealers and offers connectivity, market access, smart order routing, and algorithmic trading solutions.

4

tZERO’s technology infrastructure currently processes 15-18 million traditional orders per day, and is equipped to handle over 100 million orders per day.

5

Our ATS allows for 24-hour trading (traditional equity securities), providing liquidity while others are closed.

6

tZERO has acquired a majority stake in a robo-advisory firm, capable of running advanced financial models and creating adaptive dynamic portfolios, the benefits of which may be available to token holders in the future.

tZERO Platform Highlights

Aspirations

1

To develop a token trading system capable of trading crypto-securities.

2

To allow firms worldwide to break the constraints of traditional finance in order to access a global pool of capital for crypto securities with the first trading system for secondary market liquidity.

3

The tZERO trading system would solve a huge problem for the crypto community by closing the liquidity gap for securities offerings. In the future, truly liquid security tokens may legally be allowed to trade through the tZERO system, creating a new, legal access point for secondary trading in these securities.

4

An operational tZERO trading system could fundamentally disrupt existing capital markets by potentially allowing any public or private company to trade their own tokenized security.

5

Continued innovation to instill investor confidence in tokenized security trading.

tZERO Team

The tZERO team is comprised of a dynamic mix of accomplished entrepreneurs, brokerage experts, and expert technologists.

Patrick Byrne

Executive Chairman

In 1999, Patrick M. Byrne launched Overstock.com. In 2016, Overstock had revenues of $1.8 billion. In 2012, Byrne’s pro-freedom political orientation challenged Overstock to become the first online retailer to accept bitcoin for payments. In 2015, Byrne used Medici’s t0.com trading platform to become the first person to purchase a digital bond entirely on the blockchain, and in 2016 Overstock was the first company ever to issues shares of a public company on an ATS.

Saum Noursalehi

CEO

Saum Noursalehi is the CEO of tZERO, a global leader in the development and commercialization of blockchain-based financial technology. As CEO, Noursalehi’s focus is on accelerating the implementation of tZERO’s fintech products, including its Security Token Trading and Digital Locate Receipt platforms, as well as the creation of the industry’s first regulated Security Token exchange.

Ralph Daiuto, Jr.

COO and General Counsel

Daiuto, Jr. is an accomplished attorney and business leader with over two decades of experience in the securities industry, managing several broker-dealers and innovative technology companies and overseeing their daily operation, including legal, compliance, and regulatory matters. Ralph is currently the COO and General Counsel of tZERO. He is admitted to practice law in the states of NY and NJ, as well as the U.S. District Courts in the Southern and Eastern Districts of NY and the District of NJ.

John Gilchrist

Chief Information Officer

Industry veteran John Gilchrist joined Herzog Heine and Geduld in 1987, responsible for all trading and clearing technology/systems as well as all operating systems. After Herzog was acquired by Merrill Lynch, John was responsible for Merrill’s NASDAQ market making and DMA offerings. Has been with SpeedRoute since its inception in 2010.

Steve Bailey

Controller

Mr. Bailey is Controller for tZERO and Chief Financial Officer and the FINOP of both SpeedRoute and PRO Securities. He has worked in the Finance Department or on Securities Lending trading desks of various banks and broker-dealers for over 20 years, in London and New York. Prior to working in London, he was a Senior Investigator with the Inland Revenue Department in New Zealand.

Alex Vlastakis

Chief Administration Officer

Alex is the Chief Administrative Officer of tZERO and COO of SpeedRoute. He brings over 17 years of experience in institutional business development, international and domestic order routing, trading systems and brokerage. Alex was formerly with Bank of New York through multiple positions and acquisitions. His understanding of market structure, technology, and institutional clients make him instrumental to tZERO’s operations.

Raj Karkara

CRO and Member of the Board

As CRO and board member of tZERO - Overstock.com’s financial technology subsidiary - Raj was instrumental in the issuance and sale of the world’s first digital bond in 2015, and in 2016, issuing the world’s first publicly traded digital security, which settled same day using the tZERO platform. Before joining Overstock, Karkara was the Director of Global Strategic Product Development at MasterCard, focusing on global mobile payments and mobile identity solutions.

Brian Capuano

Chief Compliance Officer

Brian is the COO of both SpeedRoute, LLC and its affiliate broker-dealer ATS, PRO Securities, LLC. He brings over 30 years of diverse industry experience, starting at the PHLX, where he ultimately managed trading operations for several major firms, on to managing electronic trading desks at several respected firms on Wall Street. He brings this breadth of brokerage experience to bear in overseeing SpeedRoute and PRO’s compliance programs, regulatory responsibilities and daily trading operations.

tZERO's Core Competencies Make All the Difference

The Technology Team

The tZERO technology team is comprised of experts in:

  • Blockchain development
  • Network engineering
  • Low-latency systems development
  • System integration
  • Large-scale data processing

tZERO's has a major head start against competitors, having created the first ever SEC-registered digital securities offering utilizing blockchain. The team is perfectly positioned to create meaningful changes in financial markets through blockchain technology.

The Brokerage Team

The brokerage team consists of industry veterans who are experts in: 

  • Monitoring and reducing risk
  • Working together with regulators
  • Understanding how financial markets operate

Since inception, tZERO has worked to ensure that our pursuits fall within regulatory guidelines. In addition to operations and compliance personnel, the brokerage team has a strong business development unity with significant brokerage experience. In total, there are currently 15 registered representatives holding the following licenses: 4, 7, 24, 27, 57, 62, 63, 66, and 99. The brokerage team will be indispensable as tZERO navigates the regulatory framework of the U.S. capital markets.

Invest in tZERO

tZERO plans to change the world. We hope you join us!

Offering Summary

Updates

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