SAN DIEGO–(BUSINESS WIRE)–Today, XY Labs, the company behind the world’s first blockchain geospatial oracle network backed with cryptography, announced its Class A Common stock commenced trading on tZERO’s tZERO ATS. tZERO ATS is a transparent, continuous, and automated marketplace, which provides a regulated and compliant venue for the trading of digital securities. XY Labs raised approximately $22 million in 2018 from over 23,000 investors, and today marks the first time that XY Labs shares are available for secondary trading, democratizing access to unique assets and enabling price transparency and low-friction continuous liquidity for equity resales in the private company.
XY Labs CEO Arie Trouw shared, “We are thrilled to provide our shareholders with access to shares on a regulated and efficient trading venue for the first time, increasing shareholder value while remaining private. Trading on tZERO’s efficient, transparent, and compliant alternative trading system provides XY Labs’ investors with new benefits, including continuous liquidity, real-time settlement, and low trading fees.”
Investors with an account at tZERO’s retail broker-dealer subsidiary, tZERO Markets, are now able to trade the XY Labs digitally enhanced security. Investors looking to open a tZERO Markets brokerage account should visit https://www.tzero.com/investors/register.
tZERO CEO David Goone noted, “The addition of the XY Labs digitally enhanced security to the tZERO ATS is exciting as we strive to expand the digital securities trading on our platform by growing assets offered and the number of investors utilizing the platform. We are excited to welcome XY Labs shareholders onto tZERO Markets and look forward to continuing our collaboration with XY Labs as we work to increase the scale of our product offerings across business lines.”
XY Labs’ stock uses tZERO’s smart contract technology built on the Ethereum Blockchain. XY Labs utilizes Vertalo’s…
