The tZERO share token trading platform tokenizes shares in a $ 25 million oil and gas fund managed by EnergyFunders on the Ethereum blockchain.
According to the press release, the tZERO tokenization of the shares of the oil and gas fund EnergyFunders will be carried out using the tZERO smart contract technology, and the digital securities will be issued on the Ethereum blockchain. The companies plan that investors will be able to buy and sell the digitized shares of EnergyFunders Yield Fund I in the tZERO trading system, which will give them access to revenues from oil and gas projects.
EnergyFunders CEO Laura Pommer) stated:
“I am excited about this potential opportunity to open up the secondary market to trade the new Yield Fund I in the same way you would trade stocks, bonds or ETFs in a regular brokerage account.”
As a reminder, last fall tZERO received FINRA approval to launch the retail broker-dealer tZERO Markets. Back in 2019, a subsidiary of the retail giant Overstock, together with the Tezos Foundation, tokenized real estate in the UK for a total of £ 500 million.In the same year, the company received a patent for a technology that allows settlements on tokenized securities on an open blockchain.
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