A blockchain entity established in 2012 is finalizing the public listing for its shares on a blockchain-powered alternative trading platform devoted to capital markets. 

Specifically, XY Labs, the blockchain firm in charge of designing the XYO protocol, has reportedly disclosed details related to its Class A Common stock started trading on tZERO ATS, the alternative trading system subsidiary of the stock broker tZERO Group. 

As revealed by the blockchain oracle data provider, this update reportedly marks the first milestone shareholders having the ability to tap into XY Labs shares on a regulated trading venue. 

Arie Trouw, the current Head of XY Labs, further remarked that this offers a variety of perks for shareholders, nominally low trading fees and continuous liquidity.

tZERO ATS reportedly functions as a broker that completed its registration with the United States Securities and Exchanges Commission (SEC) and a member of the nation’s Financial Industry Regulatory Authority and Securities Investor Protection Corporation. 

The firm employs smart contracts on the Ethereum blockchain and offers digitally enhanced securities.

David Goone, the CEO of tZERO, additionally stated that their team is looking forward to carry on with their partnership with XY Labs as they widen the scope of their product offerings. 

“[…]We strive to expand the digital securities trading on our platform by growing assets offered and the number of investors utilizing the platform”. 

Currently, XY Labs reportedly clocked in a network of more than 4 million nodes throughout the globe in June on its XYO protocol. Trouw further revealed that the initiative utilizes blockchain to memorialize answers and provide transparency via connecting supporting data using immutable hashes.