tZERO Partners With Real Estate Firm NYCE Group

tZERO, a blockchain-based trading platform for tokenized securities, announced that it has partnered with NYCE Group to launch the first ever digital security exchange.

• NYCE Group, a real estate company, has partnered with tZERO.
• In order to tokenize $18 million, tZERO formed a collaboration.
• NYCE has approved a $1 million Regulation Crowdfunding round.

tZERO, the world leader in capital markets blockchain technology, has announced a collaboration with NYCE Group. The NYCE Group is a FinTech firm that specializes in real estate crowdfunding.

tZERO also formed a collaboration to tokenize $18 million in company shares. The secondary market for NYCE’s tokenized common shares will be supported by tZERO. When the real estate firm has finished and received regulatory clearance for its upcoming regulation A+ offering.

In addition, tZERO’s CEO, Saum Noursalehi, said,

“We are delighted to work with NYCE, a real estate crowdfunding pioneer, and to facilitate the secondary trading of its digital security.”

Accordingly, the real estate company was founded by Michael and FC Barcelona soccer star Martin Braithwaite. The website has been dubbed a “Robinhood of real estate investment” by the media.

Retail investors may hold fractionalized interests in properties from the NYCE’s $260 million portfolios via the NYCE app. By 2030, it hopes to have 100,000 high-net-worth millennial stakeholders of color.

More specifically, the $1 million Regulation Crowdfunding (Reg CF) offering, which will be completed by the NYCE in October 2023. WeFunder’s offering was reopened by NYCE in March 2023, and it is now seeking more money.

The first and subsequent NYCE offerings attracted more than 5,000 investors.

As a result, NYCE’s CEO, Philip Michael, said,

We’re pleased to provide liquidity to investors as a result of our collaboration with tZERO, the pioneer in digital securities liquidity.

Furthermore, the security token industry has been on a roller coaster ride in recent years, with monthly volume rising almost 110 times from less than $200,000 in January 2023 to roughly $22 million in August.