tZERO Crypto exchange funded by excess inventory to close on March 6 By Cointelegraph

The tZERO Crypto exchange, majority owned by Overstock (NASDAQ: ), will close on March 6, the company announced via Twitter on February 3. The company says that after the closure it will continue to focus on its regulated securities products The United States Securities and Exchange Commission (SEC) and other regulators are clarifying the legal status of crypto assets.

Based in New York, tZERO is a financial technology company that facilitates securities offerings for private companies seeking to go public. In the crypto community, tZERO is best known for offering tokenized shares, or “digital securities,” that can be traded on the blockchain.