tZERO and Boston Option Exchange to Join Forces

Companies are going to lauch the regulated security-tokens exchange
23 May 2018   835

The operator of the Boston Stock Exchange announced an agreement with the online retailer Overstock, which will launch the world's first regulated exchange of cryptographic tokens classified as securities or security tokens. This is reported by Bussiness Wire.

The joint venture of tZERO and BOX Digital Markets have not received a name yet, but it is already known that with its help startups will be able to list their tokens without violating the requirements of securities laws. In addition, it will allow companies whose shares are already represented on traditional exchanges, tokenize their securities and release them on the block.

tZERO has proven to be a pioneer in the development and practical use of blockchain technologies for capital markets for a number of years. tZERO’s track record and accomplishments in this innovative area, coupled with BOX’s expertise in operating a highly efficient and transparent equity options marketplace, made partnering together an easy decision and we look forward to building a world-class platform for listing and trading security tokens.

Lisa Fall

CEO, BOX Digital

Saum Noursalehi, who recently headed tZERO, after leaving his post Patrick Byrne, regards the initiative as an "important point" in the way of integrating the crypto-currency markets into traditional finance.

Our partnership with BOX Digital Markets is a significant milestone that will create the first SEC-regulated exchange designed to efficiently trade crypto securities. Lisa Fall’s leadership, reputation and deep experience in the regulated securities exchange industry will be a major asset in achieving this objective. Together, we will continue to work with the SEC as we develop a first-of-its-kind platform that will integrate blockchain capital markets into the current U.S. National Market System.

Saum Noursalehi

Head, tZERO

BOX Digital will manage the exchange of tokens and will negotiate with regulators, while tZero will provide financing and license its own technology based on the blockchain, which will form the basis of the new platform. 

Poloniex to Suspend Operations for Few Hours

Representatives of the exchange say users' funds will be completely safe during maintenance
21 February 2019   78

The cryptocurrency exchange Poloniex has announced maintenance, which will begin on February 22 at 22 UTC. The trading platform will be unavailable for several hours.

Representatives of the exchange claim that the users' funds will be completely safe. Technical work associated with the modernization and transition "to the best data centers, which will increase the reliability of the platform and increase uptime."

Also in Poloniex noted that the trade orders of users will not be canceled.

Recall, recently Poloniex has added to the listing of privacy-oriented cryptocurrency Grin.