A blockchain firm founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets.
XY Labs, the blockchain company behind the XYO protocol, has announced that its Class A Common stock started trading on tZERO ATS, the alternative trading system subsidiary of the stock broker tZERO Group.
According to the blockchain oracle data provider, this will be the first time that shareholders will be able to access XY Labs shares on a regulated trading venue. Arie Trouw, the CEO of XY Labs, commented that this provides several benefits for shareholders, including low trading fees and continuous liquidity.
tZERO ATS is a broker registered with the United States Securities and Exchanges Commission (SEC) and a member of the country’s Financial Industry Regulatory Authority and Securities Investor Protection Corporation. The firm uses smart contracts on the Ethereum blockchain and offers digitally enhanced securities.
David Goone,...
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