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tZERO, owned by online retailer Overstock, currently only has two tokens listed on its exchange and one broker dealer - but believes it has the right leadership team in place, pending necessary regulatory approvals, and tech build to support its full stack platform plan.
"As Overstock management mentioned recently, it is committed to funding tZERO. As our business continues to develop in the first half of the year and we continue to hit milestones and prove out the business model further, it may become appropriate to approach external sources of capital in late 2020 or 2021," Noursalehi wrote. "We would only do this, however, in a manner that enhances our business and stakeholder value." tZERO aimed to list five security tokens on its exchange, tZERO ATS, in 2019. However, legal and regulatory concerns delayed such a process, according to Noursalehi.
