Revolutionizing Trading: XY Labs’ Entry into tZERO ATS
In an exciting development for blockchain enthusiasts and investors alike, XY Labs, the brain behind the XYO protocol, has made its Class A Common stock available on the blockchain-based alternative trading system, tZERO ATS. This milestone marks the first time that shareholders can access XY Labs shares in a regulated environment, much to the delight of tech-savvy investors eager for transparency and innovation in the trading space.
The Benefits of Blockchain Trading
XY Labs’ CEO, Arie Trouw, highlighted several advantages for shareholders in this new trading venture:
- Low Trading Fees: By leveraging blockchain technology, transaction costs can be significantly reduced, putting more money back in investors’ pockets.
- Continuous Liquidity: The trading system allows for uninterrupted access to shares, making it easier for investors to buy and sell without the usual delays.
- Enhanced Security: Smart contracts on Ethereum provide an additional layer of security that traditional trading platforms often lack.
What is tZERO ATS?
tZERO ATS operates as a broker recognized by the U.S. Securities and Exchange Commission (SEC). This means that while you’re dealing with cutting-edge digital securities, you’re also covered by the rules and regulations that protect investors. As a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC), tZERO has positioned itself as a trustworthy player in the blockchain space.
Words from the CEOs
“We strive to expand the digital securities trading on our platform by growing assets offered and the number of investors utilizing the platform,” said David Goone, CEO of tZERO.
This collaboration with XY Labs is a clear indication that the future of trading is here, and it’s digital. Together, these companies are on a mission to not only grow their offerings but to enhance the overall trading experience for everyone involved.
XY Labs’ Growing Network
XY Labs has achieved notable milestones, including establishing a network of over 4 million nodes globally as of June, reinforcing their protocol’s robustness. Trouw shared insights during a recent AMA session, emphasizing that the project uses blockchain to create reliable records of answers, thus ensuring transparency through the use of immutable hashes.
Other Players in the Game
XY Labs isn’t alone in the blockchain trading arena. Earlier this year, crypto wallet Exodus hit the public market through SEC-registered platform Securitize, raising a whopping $75 million. Its Class A common stock trades under the ticker EXOD, operating on the Algorand blockchain, showcasing the diverse potential of digital securities.