Sign In  |  Register  |  About Burlingame  |  Contact Us

Burlingame, CA
September 01, 2020 10:18am
7-Day Forecast | Traffic
  • Search Hotels in Burlingame

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

tZERO ATS Signs Agreement with Liquid Mining Funds to Enable the Trading of Its Digital Equity Security, Providing Opportunity to Invest in Institutional-Quality Bitcoin Mining Businesses

tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that its wholly owned, FINRA member broker-dealer subsidiary, tZERO ATS, has entered into an agreement with Liquid Mining Funds (through the proposed securities issuer, LMX) to enable the potential secondary trading of digital securities. LMX’s digital securities are expected to represent a $15 million equity interest in Liquid Mining Funds, subject to holders of interests in the Liquid Mining Funds electing to convert such interests to LMX digital securities. The Liquid Mining Funds are sponsored by Realio, a blockchain-enabled issuer, fund manager, and technology provider for institutional-grade digital assets that partnered with tZERO ATS in March 2021. The funds are focused on investing in bitcoin mining development and operations. Any potential trading of LMX securities on the tZERO ATS is subject to customary due diligence, applicable regulatory holding periods, and compliance with other applicable regulatory requirements.

tZERO CEO Saum Noursalehi stated, “We are excited to enable Liquid Mining Funds’ related digital securities to trade on the tZERO ATS, providing investors a simpler way to invest in bitcoin mining development and operations.”

Bitcoin mining revenues more than doubled to over $50 million per day in late March 2021 from $20 million in mid-December 2020, as the price of bitcoin increased to a peak of $60,000 per coin. In light of bitcoin's historic appreciation, investors continue to seek exposure to this asset class through alternative investments, such as investments in bitcoin mining. Certain bitcoin mining went public recently, providing funds like Liquid Mining Funds with opportunities to invest in those assets and provide investors an alternative way to be exposed to bitcoin through structured investments in bitcoin production-related activities.

Realio launched Liquid Mining Fund I in August 2020, with Fund I already returning 50 percent of invested capital within six months from the initial investment, and Fund II closing in May 2021.

Realio Co-founder and CEO Derek Boirun said, “LMX is a truly unique opportunity that monetizes the combined predictability of real estate with the asymmetric upside potential of bitcoin mining operations. We are excited to enable the potential secondary trading of the LMX digital securities and believe that tZERO ATS is at the forefront of providing continuous liquidity for private companies and assets.”







About tZERO

tZERO Group, Inc. and its broker-dealer subsidiaries (tZERO) provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. For more information on tZERO, please visit https://www.tzero.com/.

tZERO is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and is not providing brokerage, investment banking or underwriting services, recommendations or investment advice to any person, and does not provide any brokerage services. tZERO takes no part in the negotiation or execution of secondary market transactions for the purchase or sale of securities and at no time has possession of investor funds or securities in connection with such transactions.

About tZERO ATS

tZERO ATS, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO ATS may be found at https://brokercheck.finra.org/. Digital securities that trade on tZERO ATS are conventional uncertificated securities. Ownership of such securities is reflected on the traditional books and records of regulated market participants. The term "digital" refers to the blockchain technology elements of a security that are intended to enhance investor experience through added transparency.

About Realio

Realio Technology LTD, is an end-to-end, blockchain-based SaaS platform for the issuance, investment, and life-cycle management of digital assets. Realio combines access to a decentralized (p2p) exchange with the features of a sophisticated issuance/investment platform to merge enterprise-grade blockchain solutions with institutional-quality investment vehicles. The platform satisfies the need for stringent securities regulations while allowing uniquely democratized access to investment products normally reserved for a select subset of institutional investors.

Investor Notice

Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk. Potential investors are urged to consult a professional adviser regarding any economic, tax, legal or other consequences of trading any securities as described herein.

No Offer, Solicitation, Investment Advice or Recommendations

This 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 does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

Forward-Looking Statements

This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this 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 its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.

Contacts

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 Burlingame.com & California Media Partners, LLC. All rights reserved.