tZERO Leverages Fireblocks Technology to Support Its Recently Launched Digital Security Custody Business

SALT LAKE CITY, UT / ACCESSWIRE / December 16, 2024 / tZERO and its subsidiaries, a leader in technology solutions for capital markets, are pleased to announce it will be leveraging Fireblocks, a leading institutional wallet technology provider, to power the recently-launched tZERO Digital Asset Securities, currently one of only two special purpose broker-dealer for digital security custody in the U.S. With Fireblocks' established wallets-as-a-service solution, tZERO can provide a seamless and secure experience throughout the digital securities lifecycle, including custody and security solutions for institutional and individual investors offered by its special purpose broker-dealer.

Together, tZERO and Fireblocks will provide end-to-end digital securities infrastructure, building on the recent launch of tZERO Digital Asset Securities, a special purpose broker-dealer that can provide custody, clearance, and settlement services for digital asset securities. As institutional adoption of digital securities accelerates, Fireblocks' multi-layer security protocols will support tZERO Digital Asset Securities' operations as it scales up its business operations.

"With Fireblocks' enterprise-grade wallet technology, we are strengthening our commitment to delivering best-in-class security and operational infrastructure for digital assets, to support the complexity and scale of digital securities products we expect as securities market penetration of blockchain technology continues," said David Goone, CEO of tZERO.

The integration with Fireblocks offers tZERO a robust, scalable framework for private key management. Fireblocks' platform, which includes secure Multi-Party Computation (MPC) cryptography protocols, including its recently announced MPC-BAM protocol which is trusted globally for secure asset transfer and management.

Michael Shaulov, CEO and Co-Founder of Fireblocks, stated, "As the digital asset industry continues to evolve and become more sophisticated, it will be mission critical to ensure the safest and most secure experience for new and existing customers. Through Fireblocks, organizations such as tZERO can introduce more advanced offerings without compromising on security."

This announcement marks a pivotal step for tZERO as it seeks to expand access and support for digital assets while advancing industry standards for security features.

"Robust digital wallet infrastructure is key to our one-stop shop for private markets generally and, in particular, digital asset security primary issuance and secondary liquidity across a range of modalities such as continuous automated trading, auctions, and block trades, as we lead to deploy regulated, secure, and efficient digital securities solutions," said Alan Konevsky, EVP and Chief Legal and Corporate Affairs Officer of tZERO.

For more information about tZERO and its services, please visit https://tzero.com/.

About 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 make such equity available for trading on an 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. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website.

About tZERO Digital Asset Securities

tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO's online brokerage platform. It operates in accordance with the SEC's statement, dated December 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Digital asset securities may not be "securities" as defined under the Securities Investor Protection Act (SIPA)-and in particular, digital asset securities that are "investment contracts" under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA's definition of "securities"-and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found FINRA's BrokerCheck.

About tZERO Securities

tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA's BrokerCheck.

Investor Notice

Digital asset securities, as well as any particular investment, may not be suitable or appropriate for everyone. Investors should note that investing or trading in securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investor's ability to sell, and possible loss of principal invested. There is always the potential of losing money when you invest in securities. There are also unique risks specific to digital asset securities, including, without limitation, fraud, manipulation, theft, and loss.

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.

Forward-Looking Statements

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; performance of individual transactions; regulatory developments and matters; 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.

Contacts

tZERO
pr@tzero.com

SOURCE: tZERO Group, Inc