tZERO Group, Inc., a leader in blockchain-based financial infrastructure, announced today that its wholly owned subsidiary, tZERO Introducing Broker, LLC, has completed its CFTC registration as an introducing broker and NFA member. This approval expands tZERO's regulated infrastructure to derivatives markets, allowing the company to provide infrastructure for regulated derivative products.
As an introducing broker, tZERO will be able to solicit and accept customer orders for CFTC-regulated derivatives and pass those orders to a Designated Contract Market or Futures Commission Merchant for execution and clearing on a fully disclosed basis. Initially, tZERO will also utilize this license to offer event contracts on its forthcoming multi-asset platform.
Alan Konevsky, Chairman and Chief Executive Officer of tZERO, stated, "The launch of tZERO Introducing Broker is another example of our strategy to expand our market-leading, vertically integrated infrastructure stack for tokenized securities horizontally to a range of CFTC-regulated products – as we build trusted, regulated and independent infrastructure that enables institutions and investors to participate in an expanding range of financial markets through a seamless client experience and back-end interoperability."
This approval represents another step in tZERO's broader derivatives strategy, following the company's previously announced applications for Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) registrations. As financial markets continue to evolve, tZERO remains focused on building interoperable infrastructure that connects traditional and emerging financial markets through regulated, technology-driven solutions and unlocks asset silos.
By expanding the capabilities available through its regulated platform, tZERO continues to help institutions and investors access the next generation of financial markets with the trust, transparency and compliance they expect. For more information about tZERO IB, see the NFA's BASIC search: https://www.nfa.futures.org/BasicNet/.
