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Tokenized Securities Platform tZERO May Go Public Through SPAC
Summary: The tokenized securities platform tZERO is exploring a merger business. Michael Mougias, vice president of investor relations at tZERO told CoinDesk, the goal is not to sell tZERO, but to find suitable strategic partners, including listing tZERO through a special purpose acquisition company (SPAC). "There could be strategic buyers that perhaps want to take control ...
The tokenized securities platform tZERO is exploring a merger business.
Michael Mougias, vice president of investor relations at tZERO told CoinDesk, the goal is not to sell tZERO, but to find suitable strategic partners, including listing tZERO through a special purpose acquisition company (SPAC).
"There could be strategic buyers that perhaps want to take control of the business or take up a majority stake in the business, which would result in a change of control, and that would technically be a buyer...We are already in discussions with several companies that fit this profile," Mougias said.
Three companies (OmniValley, Trellis Platform, and Wunderfundt) have reached a partnership with ZERO to use its securities token trading platform.
By Mary Liu
Tags: SPAC,TZERO
Link: Tokenized Securities Platform tZERO May Go Public Through SPAC [Copy]
