Alex Vlastakis

President, tZERO Broker Services @tZERO

[Eleanor Terrett @EleanorTerrett]

🚨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.

Next stop: the full Senate.

[Alex Vlastakis @vlastakis]

Excited to attend Digital Assets Week here in NY. Please let me know if you are attending and would like to connect.

[tZERO @tZERO]

Broker-dealer custody of tokenized securities is not new.

tZERO Digital Asset Securities, LLC has been approved to custody digital asset securities since 2024 – in omnibus and individual wallets, with on-chain settlement. As a tokenized assets correspondent clearing firm, we extend that capability to other broker-dealers. We also bridge to DeFi through self-hosted wallet interoperability.

Good to see the ecosystem growing.

[Alex Vlastakis @vlastakis]

@MrManchego_ @tZERO @Alan_Konevsky For your specific situation with TZROP in your Chase account, please email [email protected] with the details. They’ll address it directly. Thanks!

[tZERO @tZERO]

We heard you.

@tZERO is enhancing its previously announced TZROP conversion proposal.

In additionto the proposed exchange of 1 TZROP for 3 Series B preferred shares, we are now proposing that TZROP holders also receive 8 shares of common stock per TZROP share, providing additional potential for participation in any long-term upside.

This enhancement reflects feedback from our investor community, further shares some of the impacts of the proposal across the capital structure and is aimed at strengthening alignment with early supporters of tZERO as we continue executing on our strategy.

More details are available in the updated shareholder materials: https://t.co/seBx9bbcJQ
Full release in comments

[tZERO @tZERO]

https://t.co/t1StHD1Elp

[Alex Vlastakis @vlastakis]

RT @tZERO: “What comes after ETFs?”
“Everything.” – @Alan_Konevsky, speaking at the DC Blockchain Summit today
The next phase of on-chain c…

[Vanessa Savino @SavinoVaness]

The CFTC’s no-action relief for Phantom is a win for DeFi technology service providers, bridging the gap to TradFi by eliminating unnecessary layers of intermediation for passive software interfaces. But a regulated foundation remains essential; execution, custody, and settlement still require CFTC-licensed market participants. This is the tZERO value proposition and why we continue to strengthen our "regulatory moat." Building on our approval for self-hosted wallet interoperability in our securities brokerage stack, which is launching later this year, our pending CFTC-regulated IB, DCM, and DCO licenses (once approved) will enable us to be a collaborator in these setups and expand our infrastructure-as-a-service model to derivatives while providing the connectivity between self-hosted wallet technology and traditional market structures.

[Alan Konevsky @Alan_Konevsky]

Tokenization is no longer optional - no longer a debate of opinion on which “why tokenize” reason floats your boat and if not now then when. It’s mandatory. If you want AI attention and demand and interoperability - and you do - it’s a must. Top down force function synergy between the two complementary tech layers. @tZERO

[Alex Vlastakis @vlastakis]

@supportstopp @Alan_Konevsky Apologies for any inconvenience, would you mind sending an email to [email protected] addressed to me and I will investigate? Many thanks.

[Alex Vlastakis @vlastakis]

@realMarkRummel @Alan_Konevsky @nickisanders @tZERO Send it to [email protected]

[Alex Vlastakis @vlastakis]

Sorry you’re having trouble, fees are posted on the withdrawal confirmation page and is auto-updated every 4 seconds. Wallet management functionality is forthcoming. For specific issues with your individual account, please reach out via email [email protected] the team is happy to help.

[tZERO @tZERO]

Today, @BedBathBeyond – @tZERO’s largest shareholder – announced its agreement to acquire https://t.co/47J4c1GDWf, a platform focused on real-world asset finance and tokenized liquidity.

https://t.co/47J4c1GDWf will leverage tZERO’s regulatory and operational infrastructure and multi-asset platform services to support capital markets, tokenization, custody, and trading, forming an integrated stack for compliant liquidity. The decision reflects a clear focus on building tokenized markets on established regulatory and capital markets foundations.

The platform will also leverage partners including @Figure to access mortgages, home equity lines of credit, renovation loans, home makeover loans, and other asset-backed lending and capital solutions.

tZERO provides the institutional-grade infrastructure that enables platforms to scale responsibly while maintaining investor protections and regulatory clarity.
🔗https://t.co/7N2A8KaQ25

[Vanessa Savino @SavinoVaness]

Regulatory clarity is the ultimate catalyst for institutional adoption. Today’s SEC staff statement provides a vital roadmap for the industry, specifically defining how securities may be tokenized, but confirming what we @tZERO have known and followed for years: tokenization and digital rails are next-generation infrastructure, but they do not change the nature of an asset or the application of existing law to that asset. Some thoughts:

Issuer-Sponsored Tokenized Securities – There are a couple of iterations of this model set forth in the statement. We continue to believe the superior model we should strive toward is digitally native assets, with complete ownership on-chain.

Third Party-Sponsored Tokenized Securities – None of these proposed models give end users direct ownership of the underlying security, make the underlying security's full ownership structure transparent, or enable the automation of corporate actions or compliance procedures for the underlying security. The crypto asset in these cases may also create another regulated financial instrument that may require registration or an available exemption to registration.

We @tZERO have been navigating these complexities for years and have the regulated broker-dealer infrastructure to support the end-to-end tokenized securities lifecycle for issuers, shareholders, sponsors and financial firms who don’t have the necessary tools and want to use ours infrastructure as a service (IAAS).

https://t.co/IQ1GNpgYI4

[Alan Konevsky @Alan_Konevsky]

Why tokenize?

•Multi-asset convergence

•Cross-border convergence

•User experience convergence between 24/7 DeFi and TradFi

•Efficiency/self-regulation

•Programmability/utility

•AI convergence/interoperability

[Alex Vlastakis @vlastakis]

I think it’s great to see DTCC finally acknowledging the power of tokenization and beginning to lean into the future. That said, the real power of digital assets comes from native designs that enable true cross asset and cross border interoperability without the usual silos and middlemen. This is a good first move, but the real revolution won’t just come from retrofitting the old system.

[Alex Vlastakis @vlastakis]

Thanks, Jack. A top priority is to drive asset availability and unlocking liquidity in a fragmented marketplace (with niche assets). Tokenization is the tool to unlock this. W/r/t your specific questions:

1. At first, each security will only be available on one order book. However, tZERO will subscribe to North Capital’s ATS and North Capital will subscribe to the tZERO Securities ATS; so the clients of each broker-dealer have access to the securities on each other’s platforms. If a tZERO customer wants to trade an asset available for trading on North Capital’s ATS, we will facilitate that for them on North Capital’s ATS. Moving forward, and as we build out Agora, cross-quoting assets is the goal, in a manner that adheres to standards of best execution and price discovery to eliminate divergence. Right now our primary goal is getting more assets on our platform as quickly as possible.

2. Archax is a bit different because it is a cross-border relationship and has different jurisdictional considerations as you noted. We are currently exploring certain products we can bring to market together; and, yes, as you noted they will be separately offered by each firm in their respective jurisdictions.

3. The goal is to have every asset on-chain, so the lifecycle of a trade is on-chain, and to build bridges across networks so assets can seamlessly move across platforms and borders. We are not there yet. We are attacking this twofold - connect to existing marketplaces to bring more assets to our platform and continue to advance the transition to digital infrastructure.

4. Agora itself is purely a tech utility that, in its end state, will allow ATSs to connect, route to each other and quote each other’s assets. Broker-dealers may share fees based on different referral arrangements.

[Vanessa Savino @SavinoVaness]

Big week for market structure. @tZERO has closely reviewed the bipartisan draft and proposed amendments.

Our primary feedback to the Senate Banking Committee (via @DigitalChamber): Broker-dealers should be able to operate a full-service spot crypto business without redundant federal or state licensing. This aligns with Chairman Atkins’ vision for a true multi-asset platform; eliminating friction for regulated entities already equipped to handle these assets.

On Tokenized Securities: Broadly, tokenized securities remain under SEC purview and traditional regulated infrastructure. This is @tZERO’s bread and butter. We’ve been building this foundation since day one and are now scaling it through our infrastructure as a service product for market participants.

On DeFi: While the current draft has its hurdles, we see a path forward. tZERO is launching self-hosted wallets within our ecosystem to provide the optionality the market demands, bridging TradFi with the decentralized world. These wallets will be interoperable with DeFi protocols, within the parameters of incremental innovation. Because these wallets will be integrated under a regulated venue, it’s the right step forward for safe, institutional DeFi, promoting asset sovereignty and programmable finance, ensuring our users aren't locked out of the next wave of Web3.

On Lynq (our partnership with @Arca & @Tassat): Lynq is not a stablecoin platform. Its utility token is a security, allowing us and our partners to continue offering a broker-dealer operated, interest-bearing settlement system.

Nothing is perfect, but we support advancing market structure legislation. We are well-positioned to turn this legislation into a launchpad for the next generation of financial infrastructure. Onward. 🚀

[Alex Vlastakis @vlastakis]

Forging partnerships that strengthen the framework of tokenized and private securities is a key initiative for us.

[tZERO @tZERO]

@tZERO and North Capital are working to defragment the tokenized/private assets ecosystem. Agora, the first network connecting Alternative Trading Systems, will enable cross-platform access to digital asset securities and other private & exempt securities.

Agora will be connective tissue for private markets:
• Cross-ATS access
• Independent venues
• Institutiional rails

Shared infrastructure. ATS independence. Institutional access. No walled gardens.
🔗 https://t.co/oToaA0Wqbq

[tZERO @tZERO]

tZERO's 2025 Year-in-Review for our community and partners: https://t.co/LaPfbRKznF