By working with Zerohash, tZERO helps investors fund brokerage accounts using stablecoins and cryptocurrencies.
tZero Group, Inc., a blockchain and tokenization infrastructure provider, now offers crypto funding via tZero’s platform integration with Zerohash, a crypto and stablecoin infrastructure provider, officials say.
“The addition of crypto deposit funding complements tZero’s broader Tokenize + Trade + Connect ecosystem, which provides compliant digital rails for issuers, investors, and institutions across the lifecycle of tokenized and traditional securities,” according to the announcement.
Zerohash is an infrastructure provider for crypto, stablecoin, and tokenized assets via its application programming interfaces (APIs) and embeddable development kit that helps innovators launch solutions across cross-border payments, commerce, trading, remittance, payroll, tokenization, and on/off-ramps, officials say. Zerohash’s offerings are used by Interactive Brokers and Franklin Templeton, among others, and it has the backing of Point72 Ventures, Bain Capital Ventures, and venture capital firm NYCA.
“Zerohash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activities by the New York State Department of Financial Services,” officials add.
The crypto funding launch “marks a key milestone … following the company’s October partnership announcement with Zerohash,” officials say. The new capability “allows investors to fund their brokerage accounts using supported stablecoins and cryptocurrencies, which are seamlessly converted into U.S. dollar fiat for account deposit,” according to tZero.
The launch represents another step toward tZero’s vision of cross-asset interoperability, driving liquidity and product innovation, says Alan Konevsky, CEO of tZERO.
tZERO Group and its broker-dealer subsidiaries provide a liquidity platform for private companies and assets via institutional-grade solutions for issuers that want to digitize their capital table through blockchain technology, officials say. tZero makes this new equity available for trading on an alternative trading system.
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