tZERO joins forces with real estate crowdfunding company NYCE to digitize and sell $ 18 million of the company’s common stock

0
38

[ad_1]

NEW YORK–() –tZERO, a leader in blockchain innovation and digital asset liquidity, today announced a partnership with NYCE Group, Inc. (NYCE), a fintech real estate crowdfunding company, to digitize approximately $ 18 million in NYCE shares upon issue, subject to regulatory approvals as part of the company’s forthcoming Proposition A + offer. Founded by FC Barcelona footballer Martin Braithwaite and award-winning entrepreneur Philip Michael, NYCE is committed to creating 100,000 generation-to-generation wealthy stakeholders by 2030 by accessing its robust portfolio of real estate assets, currently valued at over $ 260 million. managed through an investment application.

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

NYCE’s digital security will leverage tZERO smart contract technology and is expected to be admitted to trading on tZERO ATS subject to legal, regulatory and securities laws compliance, offering investors secondary liquidity.

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

In October 2020, NYCE closed its Regulatory Crowdfunding (Reg CF) offer. The company raised $ 1 million in gross revenue from investment platforms Wefunder and Republic, setting a record for the fastest real estate company to raise $ 1 million through a Reg CF offer. NYCE reopened the WeFunder offering in March 2021 and is in the process of raising additional capital. To date, over 5,000 investors have taken part in NYCE’s initial and subsequent offerings.

About tZERO

tZERO Group, Inc. and its subsidiary brokerage and dealer companies (tZERO) provide an innovative liquidity platform for private companies and assets. We offer institutional grade solutions for issuers looking 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 broker-dealers, institutions and investors. For more information on tZERO visit https://www.tzero.com/

tZERO is not a registered broker-dealer, financing portal, underwriter, investment bank, investment advisor or investment manager, and does not provide brokerage, investment banking or underwriting services, advice or investment advice to any person and does not provide any brokerage services. … tZERO does not participate in negotiations or transactions in the secondary market for the purchase or sale of securities and never owns funds or securities of investors 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 can be found on the website https://brokercheck.finra.org/… The digital securities traded on tZERO ATS are ordinary uncertified securities. The ownership of such securities is reflected in the traditional books and records of participants in the regulated market. The term “digital” refers to the security elements of blockchain technology that are designed to improve investor engagement through added transparency.

About NYCE

NYCE Group, Inc. A New York City fintech company with a mission to help create 100,000 millionaires of color by 2030. The New York Real Estate Exchange, the new leader in real estate crowdfunding, manages over $ 260 million in assets and recently became the fastest Reg CF company with $ 1 million raised. Since its launch in 2020, NYCE has helped attract over 2,000 new investors to BIPOC. For more information visit 100Kmillionaires.com

Investor Notice

Investors should take into account that trading securities may involve significant risks, including no guarantee of return, costs associated with selling and buying, lack of liquidity guarantees that could affect the price and ability to sell, and possible loss of invested principal. In addition, an investment in a single security can mean a lack of diversification and, as a result, higher risk. Potential investors are strongly encouraged to consult with a professional advisor regarding any economic, tax, legal or other implications of trading any securities as described herein.

No suggestions, motions, investment advice or recommendations

This release is for informational purposes only and is not an offer to sell, an invitation to buy, or a recommendation for any security, nor is it an offer to provide investment advice or other services from tZERO or any of its affiliates, subsidiaries. , officers, directors or employees. No reference to any particular security is a recommendation to buy, sell or hold that security or any other security. Nothing in this release should be construed as an inducement or offer to buy or sell any security, future, option or other financial instrument, or to offer or provide any investment advice or services to any person in any jurisdiction. Nothing contained in this release is investment advice or offers any opinion regarding the suitability of any security, and the opinions 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 did not take into account the investment needs, goals and financial circumstances of any particular investor. This information is not relevant to the specific investment objectives, financial position, and specific needs of any particular recipient of this information, and the investments discussed may not be suitable for all investors. Any opinions expressed by us in this release have been prepared based on the information available to us at the time of writing such opinions. Modified or additional information may change such representations. All information can be corrected. Information can quickly become unreliable for a variety of 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 of future events, which are based on currently available information. Such forward-looking statements relate to future events or future results, including financial results and projections; growth in revenue and profits; and business prospects and opportunities. You can identify forward-looking statements of those that are not of a historical nature, especially those that use terms such as may, should, expects, expects, expects, estimates, believes, Plans ”,“ forecasted ”,“ predictions ”,“ potential ”,“ hopes ”or negative meanings of these or similar terms. In evaluating these forward-looking statements, you must consider various factors, including but not limited to: 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 could cause actual results to differ materially from any forward-looking statements. Forward-looking statements are only projections. 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 statements, whether as a result of uncertainties and assumptions, forward-looking events discussed in this release, and other statements that are made from time to time by tZERO, its subsidiaries or its representatives may not meet.

[ad_2]

Source link