tZERO has launched a new app that combines a digital wallet with exchange services. The company, funded by Medici Ventures, launched a security token trading platform last January.
The app, called the tZERO Crypto App, will also users to trade bitcoin and ethereum and includes a private key recovery system that will keep coins safe if you lose a phone or device.
“The tZERO Crypto App is a significant milestonein our plans to provide an intuitive experience for trading all digital assets," tZERO CEO Saum Noursalehi said in a statement.
back in March that the firm was looking to release a crypto-buying app. At the time, Noursalehi said that the app was being developed by the team from Bitsy, a firm previously acquired by tZERO, and that in the long-term, the plan is for the app to allow trading of security tokens that are listed on tZERO's exchange.
The firm, which grew out of e-retail giant Overstock's efforts to develop businesses in the blockchain space, is perhaps best known for its alternative trading system (ATS) for tokens. The token platform opened in late January after years of development, though to date the only token available for trading is one issued directly by tZERO.
Image courtesy of tZERO
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.