TZERO Officially Launches Public Security Token Trading ?n Schedule
Max Boddy's original article for cointelegraph.com reduced by 46%
Retail giant Overstock's blockchain subsidiary company, tZERO, has opened up its preferred equity security tokens - dubbed TZROP - for trading by accredited and non-accredited investors. According to the announcement, the TZROP token allows investors to directly participate in the company's revenue growth via a quarterly dividend model. The announcement further states that the company could distribute a quarterly dividend of 10% of the company's adjusted gross revenue for TZROP holders.
The company additionally specifies that it could pay out these dividends in U.S. dollars, Bitcoin, Ether or even with more security tokens. "Following the one-year anniversary of the close of our security token offering, non-accredited investors now have the ability to purchase and trade in our security tokens.
Today marks another milestone as we further democratize access so all investors, regardless of net worth, can invest in the business opportunity of a blockchain-based capital market." As previously reported by Cointelegraph, tZERO initially offered its secondary trading of security tokens, to accredited investors only, on Jan. 24. "The world of security tokens has lacked a regulated venue for secondary trading.
The trading of our own security tokens is the crossing of the Rubicon for the new world of digital assets. This will create liquidity, democratize access, bring transparency and efficiency to global markets and accelerate the adoption of security tokens..
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