NEW YORK – June 28, 2021 (Investorideas.com Newswire) tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today it has partnered with Wazuzu Inc., an end-to-end blockchain-based asset digitization platform offering a full suite of regulatorily-compliant technology tools and services to its clients. Through this partnership, Wazuzu plans exclusively to present tZERO’s regulated alternative trading system operated by its FINRA member broker-dealer subsidiary, tZERO ATS, as the premier marketplace for the secondary trading of non-fungible tokens (NFTs) that are securities and other security tokens.
NFTs have achieved widespread recognition over the first half of 2021 as a new and exciting application of digital technology, illustrating the public’s acceptance of natively digital or digitally represented assets, such as art, music, or collectibles. Like fungible tokens, NFTs are a new asset class and can be structured to have characteristics that make them securities regulated by the U.S. Securities and Exchange Commission. Unprepared NFT Issuers, promoters, and other participants in the NFT markets may unexpectedly find themselves subject to regulatory oversight, penalties, and/or other liabilities. Wazuzu and tZERO will work together to help clients navigate the rapidly evolving transactional ecosystem around digital assets. tZERO welcomes these assets into its compliant market ecosystem, subject to confirmatory due diligence and applicable regulatory requirements.
tZERO CEO Saum Noursalehi stated, “As we look to expand our platform to support more digital assets, we are excited to partner with Wazuzu to create a path to continuous liquidity for NFTs and other digital securities through our secondary securities trading platform.”
Founded in 2020, Wazuzu is purpose-built to leverage blockchain-based digitization strategies by building platforms across a variety of industries, assets, and use cases, including media, intellectual property portfolio monetization, consumer products, sports, capital markets, mobile gaming, esports, horse racing, higher education, and regulatory compliance. Wazuzu strives to create immersive experiences that include digital assets for consumers, investors, collectors, and other affinity groups.
Wazuzu co-founder Joseph E. Besecker said, “Tokenized assets represent something we could only dream of a few years ago – the ability of everyday people to generate unique content that is verifiable, permanent, and easily traded. We are excited to work with the liquidity leader for digital securities, tZERO. As our clients issue, purchase, and sell NFTs and other digital securities, Wazuzu aims to democratize access to digital assets and provide investors with liquidity optionality through our partnership with tZERO.”
tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. For more information on tZERO, please visit https://www.tzero.com/.
tZERO is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and is not providing brokerage, investment banking or underwriting services, recommendations or investment advice to any person, and does not provide any brokerage services. tZERO takes no part in the negotiation or execution of secondary market transactions for the purchase or sale of securities and at no time has possession of investor funds or securities in connection with such transactions.
About tZERO ATS
tZERO ATS, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO ATS may be found at https://brokercheck.finra.org/. Digital securities that trade on tZERO ATS are conventional uncertificated securities. Ownership of such securities is reflected on the traditional books and records of regulated market participants. The term “digital” refers to the blockchain technology elements of a security that are intended to enhance investor experience through added transparency.
Wazuzu, Inc. is an end-to-end blockchain-based asset digitization platform that builds value for its customers, partners, and stakeholders by bringing extensive experience in capital markets, regulatory compliance, creative services, and technology to mint NFTs and consult on STO issuance. For more information on Wazuzu, please visit https://www.wazuzu.com/ .
Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk. Potential investors are urged to consult a professional adviser regarding any economic, tax, legal or other consequences of trading any securities as described herein.
No Offer, Solicitation, Investment Advice or Recommendations
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.
Alexandra Sotiropoulos, +1-347-293-1416
Corinna Wilson, +1-717-979-3407
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