The company tZero, a subsidiary of the retail giant Overstock, presented the prototype of the upcoming block-trading platform for trading. This is reported by CoinDesk.
Currently, the company is studying th users feedback about the new platform, the full launch of which is expected in May this year.
According to Patrick Bern, CEO of Overstock, this prototype will give users an idea of the scope of what tZero plans to do.
However, tZero CEO Joseph Kammarata noted that the company is still waiting for a response from the Securities and Exchange Commission (SEC), which is currently conducting an investigation regarding the tZero's ICO.
We anticipate the security token trading software will be ready to trade security tokens in May, subject to developing further regulatory clarity. We have been working hard on getting this prototype right and look forward to user feedback.
It is worth reminding that during the first day of ICO, tZero raised $100M. Also, SEC started the investigation regarding the tokensale due to possible federal securities law violation.