TZero, a subsidiary of the retail giant Overstock, has announced a partnership with the operator of the Boston options exchange BOX Digital Markets LLC (BOX Digital), within which a trading platform for security tokens will be created.

According to Business Wire, security tokens produced by startups will be included in the listing of the new site. In addition, companies will have the opportunity to tokenize shares that are already represented on traditional exchanges.

The joint venture will be equally owned by tZero and BOX Digital. Each company will have an equal representation on the Board of Directors. By mutual agreement, both companies will appoint one independent Director.

The new company will be headed by Liza fall, CEO and President of the Boston options exchange.

"In recent years, tZero has established itself as a pioneer in the development and practical application of blockchain technologies in capital markets," Liza fall notes. — Successes and achievements tZero in this innovative field in combination with the BOX experience in the management of a highly efficient and transparent market of share options makes it easy to establish partnerships. We are committed to creating a world-class platform for listing security tokens and trading them."

tZero will allocate funding for a new project and licenses its own blockchain development designed to support the security token market. In turn, BOX Digital will provide expert support to the joint project, and will also promote the harmonization of interaction with the regulators of the financial market.

We remind that in early April, tZero presented a prototype of a blockchain platform for trading, which is being prepared for launch.