Fri, June 21

tZERO Partners With Real Estate Firm NYCE Group

tZERO Partners With Real Estate Firm NYCE Group Market News
  • tZERO partners with real estate firm NYCE Group.
  • tZERO made a partnership to tokenize $18 million.
  • $1 million Regulation Crowdfunding, finalized by NYCE.

The global leader in blockchain technology for capital markets, tZERO has announced a partnership with NYCE Group. NYCE Group a FinTech company focused on real estate crowdfunding.

Moreover, tZERO made a partnership to tokenize $18 million worth of companies share. tZERO will support secondary trade for NYCE’s tokenized common shares. At the time when the real estate company has completed its coming regulation A+ offering, subject to regulatory approval.

Furthermore, the CEO of tZERO, Saum Noursalehi stated,

“We are pleased to partner with NYCE, a pioneer in real estate crowdfunding, and support the secondary trading of its digital security”.

Accordingly, Michael and FC Barcelona soccer player Martin Braithwaite was the founder of the real estate firm.  In the media, they described the platform as a “Robinhood of real estate investing”.

Through the NYCE app, retail investors can own fractionalized shares in properties from its $260 million portfolios. It aims to create 100,000 high-net-worth millennial stakeholders of color by 2030.

More so, $1 million Regulation Crowdfunding (Reg CF), finalized by the NYCE offering in October 2020. WeFunder’s offering reopened in March 2021 by NYCE and it in the process of raising additional capital. More than 5,000 investors have taken part in the starting and subsequent NYCE offerings.

Henceforth, the CEO of NYCE Philip Michael noted,

Through our partnership with the leader in liquidity for digital securities, tZERO, we are excited to provide investors with liquidity optionally.

Even more, in recent years the security token sector has been on a wild ride, with monthly volume increasing from nearly over 110 times from less than $200,000 according to January 2020 to nearly $22 million during August.

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