The DeFi market has captured the attention of the blockchain space lately, but there are other thriving segments including investment tokens.
Alternative Trading System (ATS) tZERO, licensed to trade in private digital securities, boasted records in August with over 2.3 million digital securities traded through the system, valued at nearly $ 22 million. In annual comparison, this indicator has grown 21 times. The main growth driver was the digital preferred dividend on Overstock common share (OSTK).
In a recent interview with BeInCrypto, tZERO CEO Saum Nursalehi shared his expectations regarding the prospects for the company and the digital securities market in general. Pillar trio: ASPD, TZROP and OSTKO
Today, the alternative trading system tZERO supports the trading of three digital securities: Own Preferred Equity Security (TZROP), Overstock Preferred Digital Dividend (OSTKO) and St. Regis Aspen (ASPD). But, as Nursalehi explained, other assets will be added to this list in the future: We are working on adding additional private assets and companies.
The trading platform itself is gaining momentum. The former Overstock president noted that in addition to growing institutional investor engagement, high trading volumes are coming from retail investors who are switching to the Overstock dividend token. The OSTKO distribution took place in May and since then there has been growing interest from both retail and institutional investors:
OSTKO has definitely brought investor interest in our platform and made a tangible contribution to record trading volumes. Also, at the end of August, secondary trading of the digital security St. Regis Aspen (ASPD) in the tZERO alternative trading system. With the launch of ASPD, new investors came to us, as a result of which the turnover of trade on TZROP and OSTKO increased.
Investment token St. Regis gives investors a stake in St. Regis Aspen. Nursalehi also hinted that additional real estate tokens could be added in the future.