According to BlockBeats, on September 10, fintech company tZERO Group Inc. has been approved by U.S. regulators to become a special purpose broker-dealer for “digital asset securities custody.”
The U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have approved tZERO to custody digital assets, making it the second company to receive the license, according to a statement released by the company on Tuesday.
The move comes after digital asset firm Prometheum received similar approval from the SEC last year, and later from FINRA, to provide clearing and settlement services for digital asset securities through its special purpose broker-dealer license.
