tZERO Group Inc., a leader in technology solutions for capital markets, announces that its Special Purpose Broker-Dealer, tZERO Digital Asset Securities, one of only two digital securities broker-dealer custodians in the US, is now able to broker over-the-counter digital asset securities transactions for its customers on a non-custodial basis. As part of its services, tZERO Digital Asset Securities can connect buyers and sellers, perform counterparty AML, KYC and/or KYB checks, serve as the transaction’s broker-of-record, and coordinate settlement and delivery of digital asset securities and transaction consideration with the relevant third parties custodians.

“Our goal is for our broker-dealers to engage in a full service digital asset business in a responsible manner,” said David Goone, tZERO’s CEO. “Each new expansion of our business activities is a step forward in fulfilling that goal. We are encouraged by this step forward and are optimistic that there are more to come.”

Market participants interested in this service should email support@tzero.com and ask to be connected to a registered representative of tZERO Digital Asset Securities for more information.

“As we have recently communicated to the SEC’s Crypto Task Force, it is vital for the commercial viability of special purpose broker-dealers that they be able to expand their permissible business activities,” said Alan Konevsky, Executive Vice President and Chief Legal & Corporate Affairs Officer of tZERO. “This marks the first expansion of our special purpose broker-dealer’s business activities and we look forward to working with regulators on additional permissible avenues of growth that leverage its unique focus and assets, including wallet and key management infrastructure that can support security and non-security digital assets and multiple broker-dealer correspondents.”

Source: tZERO