TZero to Digitize and Trade $18M of Equity in Real-Estate Crowdfunder NYCE
30 Jun, 2021•1 min read•Blockchain
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.