tZERO Partners with Real Estate Crowdfunding Company NYCE to Digitize and Trade $ 18 Million of Securities in the Company’s Common Stock



NEW YORK–(COMMERCIAL THREAD) – tZERO, a leader in blockchain innovation and liquidity for digital assets, today announced its partnership with NYCE Group, Inc. (NYCE), a financial technology company focused on real estate crowdfunding, to digitize approximately $ 18 million of NYCE stake, once issued, subject to regulatory approvals, as part of the company’s upcoming A + regulation offering. Founded by FC Barcelona football player Martin Braithwaite and award-winning entrepreneur Philip Michael, NYCE’s mission is to create 100,000 Millennial high net worth stakeholders of color by 2030 through access to its strong portfolio. real estate, currently over $ 260 million in assets. under management, via its investment application.

TZERO CEO Saum Noursalehi said: “We are excited to partner with NYCE, a pioneer in real estate crowdfunding, and support secondary trading of its digital security. ”

NYCE Digital Security will utilize tZERO smart contract technology and is expected to be admitted to trading on tZERO ATS, subject to due diligence legal and regulatory considerations and securities laws, providing investors with secondary liquidity.

NYCE CEO Philip Michael said: “Through our partnership with the leader in liquidity for digital securities, tZERO, we are delighted to provide investors with a liquidity option. ”

NYCE closed its regulatory crowdfunding (Reg CF) offering in October 2020. The company raised $ 1 million in gross proceeds on investment platforms Wefunder and Republic, setting the record for fastest real estate company to raise $ 1 million through a Reg CF offer. NYCE reopened its WeFunder offering in March 2021 and is in the process of raising additional capital. So far, more than 5,000 investors have participated in NYCE’s initial and subsequent offerings.

About tZERO

tZERO Group, Inc. and its brokerage subsidiaries (tZERO) provide an innovative liquidity platform for businesses and private assets. We offer institutional quality solutions to issuers who wish to digitize their capital table using blockchain technology and trade on a regulated alternative trading system. tZERO democratizes access to private assets by providing a simple, automated and efficient trading platform for brokers, institutions and investors. For more information on tZERO, please visit https://www.tzero.com/.

tZERO is not a registered broker, funding portal, underwriter, investment bank, investment adviser or investment manager, and does not provide brokerage, investment banking or trading services. underwriting, recommendations or investment advice to anyone, and does not provide any brokerage service. tZERO does not take part in the negotiation or execution of transactions on the secondary market for the purchase or sale of securities and does not at any time have the possession of funds or securities of investors within the framework of these transactions.

About tZERO ATS

tZERO ATS, LLC is an SEC registered broker and a member of FINRA and SIPC. You can find more information about tZERO ATS at https://brokercheck.finra.org/. Digital securities traded on tZERO ATS are conventional securities without certificate. The ownership of these securities is reflected in the traditional books and records of regulated market participants. The term “digital” refers to the elements of a security’s blockchain technology that aim to enhance the investor experience through increased transparency.

About NYCE

NYCE Group, Inc. is a New York-based fintech whose mission is to help create 100,000 millionaires of color by 2030. An emerging leader in real estate crowdfunding, NYCE has over $ 260 million in assets under management and recently became the fastest Reg CF company to raise $ 1 million. Since its launch in 2020, NYCE has helped create more than 2,000 new BIPOC investors. For more information, visit 100Kmillionaires.com.

Notice to Investors

Investors should note that trading in securities could involve substantial risks, including no guarantee of return, costs associated with selling and buying, no guarantee of liquidity, which could affect price and capacity. of sale, and a possible loss of invested capital. In addition, an investment in a single security could mean a lack of diversification and, therefore, higher risk. Potential investors are urged to consult a professional advisor regarding the economic, tax, legal or other consequences of trading in securities as described herein.

No offer, solicitation, investment advice or recommendation

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy or a recommendation for any security, nor an offer to provide investment advice or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to a specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing in this press release should be construed as a solicitation or an offer to buy or sell any security, futures contract, option or other financial instrument or to offer or provide investment advice or services to any person in a jurisdiction. Nothing in this press release constitutes investment advice or offers an opinion as to the suitability of any security, and the opinions expressed in this press release should not be construed as advice to buy, sell or hold any security. ‘a title. In preparing the information contained in this press release, we have not taken into account the investment needs, objectives and financial situation of any particular investor. This information does not take into account the specific investment objectives, financial situation and special needs of any specific recipient of such information and the investments discussed may not be suitable for all investors. All opinions expressed in this press release by us have been prepared based on information available to us at the time these opinions were written. Modified or additional information could cause these views to change. All information is subject to possible corrections. Information can quickly become unreliable for a variety of reasons, including changes in market conditions or economic circumstances.

Forward-looking statements

This press release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries or representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections regarding future events, which are derived from information currently available. These forward-looking statements relate to future events or future performance, including financial performance and projections; revenue and profit growth; and business prospects and opportunities. You can identify forward-looking statements by those which are not historical in nature, particularly those which use terms such as “may”, “should”, “expects”, “anticipates”, “considers”, “believes”. “,” Estimate, “plans”, “projected”, “predicted”, “potential” or “hope” or the negative of these terms or the like. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change direction; tZERO’s ability to keep pace with new technologies and changing market needs; and competition. These and other factors may cause actual results to differ materially from any forward-looking statements. Forward-looking statements are only predictions. The forward-looking events discussed in this press release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries and representatives are under no obligation to publicly update or revise any forward-looking statement, whether due to uncertainties and assumptions, the forward-looking events described in this press release and other statements made by from time to time by tZERO, its subsidiaries or representatives may not occur.


Previous Tools for real estate, virtual auctions and inspections are closed
Next William Raveis Real Estate recruits a new Marketing Director