XY Labs Oracle Blockchain Network Shares Begin Trading on SEC-Registered Platform

Blockchain provider Oracle said this will be the first time its shares will be available on a regulated trading platform.< /p> New

A blockchain company founded in 2012 is making its shares available for trading on a blockchain-based alternative trading platform for capital markets.

XY Labs, the blockchain company behind the XYO protocol, has announced that its Class A common stock has begun trading on tZERO ATS, the subsidiary of the alternative trading system of stockbroker tZERO Group.

According to blockchain data provider oracle, this will be the first time shareholders will be able to access XY Labs shares on a regulated trading platform. Arie Trouw, CEO of XY Labs, said this provides several benefits to shareholders, including low trading costs and continued liquidity.

tZERO ATS is a broker registered with the United States Securities and Exchanges Commission (SEC) and a member of the Financial Industry Regulatory Authority and the Securities Investor Protection Corporation in the country. The company uses smart contracts on the Ethereum blockchain and offers digitally enhanced securities.

David Goone, CEO of tZERO, said his team looks forward to continued collaboration with XY Labs as they expand their product offerings. “[...] We are working to expand digital securities trading on our platform by increasing the assets offered and the number of investors using the platform,” Goone said.

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XY Labs achieved a network of over 4 million nodes globally in June on its XYO protocol. During an AMA (ask me anything) session with Cointelegraph Markets Pro, Trouw said the project uses blockchain to memorize responses and provide transparency by linking backing data using immutable hashes. .

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