Token

United

Enhance

<ul class="wp-block-list">
 <li>tZERO becomes the second firm to receive the Special Purpose Broker-Dealer License in the US.&nbsp;</li>
 <li>The firm plans to enhance the regulatory pathway for blockchain-related firms with the license.</li>
</ul>
The US regulatory sector has shown persistent evolution this year. While some regulations have posed challenges for crypto advancements, others have aided the industry. Relatedly, in a recent report, tZERO announced that it had received a Special Purpose Broker-Dealer License from regulatory bodies – SEC and FINRA.&nbsp;
According to tZERO’s official <a href="https://www.prnewswire.com/news-releases/tzero-receives-landmark-approval-to-custody-digital-securities-and-support-end-to-end-digital-securities-lifecycle-in-the-united-states-302242412.html" target="_blank" rel="noopener noreferrer nofollow">announcement</a>, the new license makes the firm a “one-stop shop” for digital asset security issuance. The firm primarily focuses on blockchain-related companies aiding them with regulatory issuance and compliant trading modalities.&nbsp;
It further said that the license would help it advance its long-standing position of providing fully-developed infrastructure for firms that need to mold into a securities-regulated environment. Additionally, the firm aims to secure the top position in enabling blockchain-related services and discussed how the recent licensing will aid them in the process.&nbsp;
tZERO’s CEO, David Goone stated in the Press Release:
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “Our special purpose broker-dealer status will enable us to offer safe, secure and regulated broker-dealer digital asset custody and other new and innovative products for issuers, investors and other market participants alike.”
</blockquote>
Notably, tZERO is the second firm in the United States to have obtained the license from the SEC and&nbsp; Financial Industry Regulatory Authority (FINRA), after <a href="https://thenewscrypto.com/prometheum-launches-ethereum-custody-service-classifies-eth-as-security/" target="_blank" rel="noopener noreferrer nofollow">Prometheum</a>. This firm received the Special Purpose Dealer-Broker license in January 2024. This particular firm, in May, caught market attention by launching an <a href="https://thenewscrypto.com/is-ethereum-eth-price-in-a-prolonged-slump/" target="_blank" rel="noopener noreferrer nofollow">Ethereum</a> Custody Service.&nbsp;
<h3 class="wp-block-heading" id="h-how-is-tzero-planning-to-enhance-blockchain-regulations-nbsp">How is tZERO Planning to Enhance Blockchain Regulations?&nbsp;</h3>
tZERO outlined several issues that digital securities firms faced that they could now resolve with the Dealer-Broker license. The firms limited their technology features, were unable to expand globally, and also faced challenges in securing investors’ digital asset securities, said tZERO.&nbsp;
However, post the Dealer-Broker license, as aforementioned, tZERO plans to enhance investors’ journey towards liquidity and provide a ‘seamless trading environment’. Additionally, the firm’s Vice President <a href="https://x.com/Alan_Konevsky/status/1833494842778820817" target="_blank" rel="noopener noreferrer nofollow">stated</a> in his X account that he is looking forward to commercializing the unique asset.&nbsp;
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US Firm tZERO Obtains Broker Dealer License from Major Regulators

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