According to a joint announcement on March 3, TZERO ATS, a broker-broker providing secondary trading of digital security tokens, has partnered with commercial real estate and financial platform Earn.re.
The partnership will enable commercial real estate exporters on Earn.re to provide additional liquidity for digital asset trading on tZERO ATS, subject to a due diligence of the platform.
Earn provides software solutions for the issuance of real estate-backed digital securities. Users can use blockchain technology to finance commercial real estate and create fractional odds from real estate-backed equity instruments.
TZERO CEO Saum Nursalehi said the new partnership will benefit tZERO by increasing its presence on digital securities issuers in the future:
“This alliance will increase tZERO’s influence on potential commercial securities issuers looking for an innovative liquidity solution.”
Earn CEO Aaron Lowman spoke about the use of digital securities, adding that joining tZERO will offer clients some of the latest financing tools.
Earn is committed to the continuous development of technology and systems, providing users with access to the latest tools to expand their financial and investment activities in the real estate industry. We believe digital securities are the future of the industry and are delighted to partner with tZERO ATS, the industry’s leading source of secondary liquidity. ”
tZERO is a subsidiary of Medici Ventures, which is itself a subsidiary of Overstock. Trading activity declined with a safety symbol at the end of 2020 and volumes were down more than half a month a month.