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TZero to Digitize and Trade $18M of Equity in Real-Estate Crowdfunder NYCE
TZero will support the secondary trading of NYCE's digital securities through its smart-contract technology.
Security token trading platform tZERO is to digitize and trade around $18 million worth of equity in real-estate crowdfunding company NYCE.
STORY CONTINUES BELOW
- The equity will be digitized once issued in NYCE's upcoming Regulation A+ offering, subject to regulatory approval, the company said Wednesday.
- 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.
Read more: Overstock’s tZERO Is Looking for a Buyer
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
