tZERO is advancing its brokerage trading plan and may raise external funds next year

According to The Block, tZERO, a securities token platform owned by online retailer Overstock, released an evaluation letter summarizing the company's business performance over the past year and plans for 2020. This evaluation report looks at a variety of factors, including plans to launch a broker-dealer called tZERO Markets "in the first half of this year." At the same time, the company also announced that it may seek additional sources of external funding by the end of 2020 or early 2021. tZERO plans to list 5 securities tokens on its exchange tZERO ATS in 2019. However, legal and regulatory concerns have delayed this process. Currently, tZERO has two tokens listed on the exchange, and a broker, Dinosaur Financial. The company expects to launch a third security token in the “coming weeks” and will be available on five other broker-dealers.