Dinosaur Financial Group (Dinosaur), a New York-based brokerage firm and investment bank, has partnered with tZERO Group for the launch of digital securities trading.
Dinosaur will provide brokerage accounts for investors seeking to trade tZERO’s digital security tokens, which is one of the first offerings on a decentralised network intending to be fully-compliant with US securities laws.
Elliot Grossman, Dinosaur’s managing director of equity trading, commented: “Becoming the provider of brokerage accounts for tZERO security token holders is a significant milestone for Dinosaur.”
He added: “tZERO’s security token is a digital security tracked via a blockchain protocol. It’s an evolutionary change that will reduce operational risk and drastically improve the process of clearance and settlement.”
Glenn Grossman, Dinosaur’s founder and chairman, said: “We are very pleased to have partnered with tZERO and PRO Securities and to offer our services to accredited investors interested in trading digital securities.”
He added: “Dinosaur is an agile business, and our clients expect us to use leading-edge technology, so today’s announcement should be no surprise. Working with blockchain technology is a natural step for me because of my previous work pioneering electronic trading in US Treasury markets.”
Saum Noursalehi, CEO of tZERO, commented: “We’re very excited to be joining forces with Dinosaur as the broker-dealer for our new security token platform. With Dinosaur, we have found a firm that understands our vision to bring transparency and efficiency to global markets and accelerate the adoption of security tokens.”
