tZERO tokenizes shares of an oil and gas fund in Ethereum for $25 million – Bits Media

The tZERO share token trading platform tokenizes the shares of an oil and gas fund on the Ethereum blockchain worth $25 million, managed by EnergyFunders.

According to the press release, Tzero tokenization of the Energyfunders oil and gas shares will be carried out using Tzero smart contract technologies, And digital securities will be released in the Ethereum blockchain. The companies plan, that investors will be able to buy and sell Energyfunders Yield Fund I digitized shares in the Tzero trading system, which will give them access to oil and gas income.

Energyfunders General Director Laura Pommer Laura Pommer) stated:

“I am glad of this potential to open the secondary market for the trading of the new Yield Fund I fund, How you could trade shares, bonds or ETF on a regular brokerage account ".

Recall, that last fall Tzero got
The approval of the Agency for the Regulation of the Activities of Financial Institutes (FINRA) to launch a retail broker Tzero Markets. Also in 2019 year, a subsidiary of a retail giant Overstock together with Tezos Foundation has toxicated
Real estate in the UK for a total of £ 500 million. In the same year, the company received
Patent for technology, allowing to perform calculations on tokenized securities in an open blockchain.