TZero to Digitize and Trade $18M of Equity in Real-Estate Crowdfunder NYCE

TZero to Digitize and Trade $18M of Equity in Real-Estate Crowdfunder NYCE

Security token trading platform tZERO is to digitize and trade around $18 million worth of equity in real-estate crowdfunding company NYCE.

  • The equity will be digitized once issued in NYCE's upcoming Regulation A+ offering, subject to regulatory approval, an announcement Wednesday said.
  • NYCE was co-founded by the Danish soccer player, FC Barcelona forward Martin Braithwaite and holds $260 million in assets under management through its real-estate portfolio.
  • TZero will support the secondary trading of NYCE's digital securities through its smart-contract technology.
  • Subject to due diligence, tZERO expects to trade NYCE shares through its broker-dealer subsidiary tZERO ATS.
  • Source