The Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) have approved tZero Digital Asset Securities as a digital asset special purpose broker-dealer, giving it the right to custody digital asset securities on behalf of retail and institutional clients.

tZero's new status allows it to carry out custody, clearance and settlement of securities without a third-party custodian, making it a "one-stop shop" for digital asset security issuance and secondary trading.

tZero has a "long-standing position that many digital assets in the market constitute securities under existing legal frameworks," and will treat digital assets as securities when it provides custody of them.

The company's first product will be the full digitization of its Series-A preferred equity security (TZROP).

tZero is following the steps of Prometheum, which now treats four cryptocurrencies as securities, and aims to set an example in the crypto world.

Source: https://cointelegraph.com/news/sec-approves-tzero-digital-asset-broker-dealer-2025

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