The tZERO Crypto exchange, whose majority owner is Overstock (NASDAQ:OSTK), will shut down on March 6, the company announced via Twitter on Feb. 3. The company says that it will continue to focus on its regulated securities products after the shutdown as the United States Securities and Exchange Commission (SEC) and other regulators clarify the legal status of crypto assets.
Headquartered in New York, tZERO is a financial technology company that facilitates securities offerings for private companies that want to go public. In the crypto community, tZERO is most well known for offering tokenized shares or “digital securities,” which can be traded on a blockchain.