tZERO Group, Inc., the Infrastructure-as-a-Service (IaaS) company powering tokenized financial markets, announced that Temple Digital Group has engaged tZERO Securities, LLC to serve as the registered broker-dealer and alternative trading system (ATS) operator for Temple's proprietary tokenized securities trading platform on the Canton Network. The agreement expands tZERO's IaaS business by pairing Temple's onchain trading technology with tZERO's regulated broker-dealer and ATS capabilities.
Under the agreement, Temple will support its trading technology with tZERO Securities' regulated operating infrastructure, including client onboarding and transaction services. This lets Temple bring tokenized securities trading to its clients without building its own broker-dealer and ATS capabilities. The deal matters because it allows Temple to focus on its technology while relying on an established regulated foundation, potentially accelerating the availability of tokenized securities trading on Canton.
Temple's trading system includes a proprietary matching engine, an RFQ module and a central limit order book for tokenized National Market System (NMS) securities and exchange-traded products. It also includes a front-end user interface and settlement infrastructure designed to support atomic delivery-versus-payment and repurchase agreement settlement on Canton. Temple has executed over $1.6B in volume for Canton and is the largest platform by transaction volume on the network. That scale underscores the potential impact of adding regulated brokerage and ATS services to Temple's existing infrastructure.
"Institutions building tokenized markets need a regulated operating foundation that can work with their technology and business model," said Alan Konevsky, Chief Executive Officer of tZERO. "Temple has developed one of the most powerful trading systems on Canton. By bringing our broker-dealer and ATS capabilities to that system, we can help Temple deliver its offering to clients while expanding the reach of tZERO's Infrastructure-as-a-Service footprint as we focus on powering broker-dealers and other financial institutions at scale."
"We're focused on developing regulated, onchain trading technologies for tokenized assets," said Evan Varsamis, Chief Executive Officer of Temple Digital Group. "Working with tZERO allows us to combine our solutions with an established broker-dealer and ATS operator, providing the regulated infrastructure needed to support securities on our platform at scale."
tZERO Securities is an SEC-registered broker-dealer and member of FINRA and SIPC, and will operate the dedicated platform. Implementation is pending; launch timing and product availability will be announced separately. For investors seeking background on tZERO Securities, information is available through FINRA's BrokerCheck.
The collaboration signals a growing trend of specialized technology firms partnering with regulated entities to bring tokenized assets to institutional clients, potentially lowering barriers to entry and speeding adoption of onchain trading for traditional securities.
