Alex Vlastakis

80 posts

Alex Vlastakis

Alex Vlastakis

@vlastakis

President, tZERO Broker Services @tZERO

New York, NY انضم Eylül 2013
270 يتبع544 المتابعون
Alex Vlastakis أُعيد تغريده
tZERO
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: tzero.com/tzrop-amendment Full release in comments
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Alex Vlastakis
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…
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Alex Vlastakis أُعيد تغريده
Vanessa Savino
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.
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Alex Vlastakis أُعيد تغريده
Alan Konevsky
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
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서포트스타
서포트스타@supportstopp·
@Alan_Konevsky I have been emailing tzero support since last November asking to fix error in creating zerohash account. Could you please look into this issue? I cannot create zerohash account. Thx
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Alan Konevsky
Alan Konevsky@Alan_Konevsky·
Your platform. Your brand. Your community. Our regulated rails connecting you to TradFi and DeFi. It’s about you. Not just us.
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Nicki Sanders
Nicki Sanders@nickisanders·
@tZERO just launched fiat-to-crypto off-ramps, powered by Zero Hash. What that means in real terms is simple: if you have eligible cash balances, you can move directly into major cryptocurrencies, including stablecoins, without leaving the platform. Why that’s cool is that it removes a very familiar frustration. For years, users have had to jump between systems just to move value. Fiat here. Crypto there. Securities somewhere else. Every hop added friction and delay. This closes one of those gaps. Capital can move across fiat and digital rails in the same regulated environment where tokenized securities trade. For the user, it feels less like switching worlds and more like managing one coherent portfolio. And that’s the quiet promise of tokenization done right: not more complexity, but fewer seams.
tZERO@tZERO

Now live: fiat-to-crypto off-ramp services on @tZERO’s secondary platform, powered by @zerohashx (docs.zerohash.com/page/about-zer…). Customers can withdraw eligible cash balances directly into major cryptocurrencies, including stablecoins – supporting flexible funding and settlement across fiat and digital rails as we advance a key premise of tokenization – a unified multi-asset experience.

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Alex Vlastakis
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 support@tzero.com the team is happy to help.
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Mark Rümmel
Mark Rümmel@realMarkRummel·
I don't feel it's a customer service issue right now. I am trying to test the plumbing as it improves. I tried a test withdrawal for $5, not much. It's possible that the fees were more than what was in the movement. If there is a minimum withdrawal amount, that should be listed on tZEROs platform when I'm filling in info. I shouldn't have to chase this info down on the 3rd party site. I'm aware that "gas" fees change every 15 seconds, most other blockchain exchanges have an auto update feature when you are moving assets. I know you guys are probably tired of my focus on transparency 😅, but something as simple as "up front pricing" will give credit to the platform and make it in line to compete with the others.💪👍🏻
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Vanessa Savino
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). sec.gov/newsroom/speec…
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Alex Vlastakis أُعيد تغريده
Alan Konevsky
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
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Alex Vlastakis
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.
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Alex Vlastakis
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.
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Jack Cambell
Jack Cambell@JackCambell14·
Cool collaboration here btwn @tZERO & @norcap's PPEX ATSs to link up / expand the #tokenized securities ecosystem via their newly announced Agora initiative. 👍 Perhaps not obvious from the PR, but essentially joins up two of the most active digital securities ATSs. • PPEX: +1k listings including the @Masterworks catalogue • tZERO: $880m digital securities traded & offered to-date • Agora: technical infrastructure designed to be scaled/ offered to future subscribers
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. 🔗 hubs.la/Q03-Y8yB0

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Alex Vlastakis أُعيد تغريده
Vanessa Savino
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. 🚀
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Alex Vlastakis
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. 🔗 hubs.la/Q03-Y8yB0

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Alex Vlastakis أُعيد تغريده
Alan Konevsky
Alan Konevsky@Alan_Konevsky·
@tZERO ushered in the era of broker-dealer custody of tokenized assets directly on chain in wallets we maintain. We have been operating in that zone for about a year and a half and have developed technology (in partnership with Fireblocks), regulatory and operational know-how and human capital that is unmatched in this space. Our footprint not only supports our customers but, as a corresponding digital asset broker dealer, we can extend these capabilities to other firms that are looking to enter the tokenization space without having to reinvent our wheel - combined with evolving multi asset and global capabilities that feed community and liquidity. The tokenization marketplace must liberalize and walled gardens must come down - as we have said. As the SEC updates its guidance on custody of crypto asset securities, we are honored to have built and provided the foundational learning and experience required to deliver secure, broker-dealer digital asset custodial service in a commercially viable structure. SEC’s update lifts some of the key restrictions we’ve long fought to remove, which will bring new efficiencies to our business and the broader market. Since we have already built the infrastructure set forth in the SEC's statement, and the framework preserves our ability to offer these custodial services, tZERO will continue to lead and advance the future of on-chain infrastructure. @SavinoVaness @vlastakis @JulieRosNYC
Hester Peirce@HesterPeirce

Clarity on broker-dealer custody from the SEC staff: sec.gov/newsroom/speec…

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Alex Vlastakis
Alex Vlastakis@vlastakis·
@treesandquiet @tZERO @Alan_Konevsky As mentioned, several EOD processes are essential, including regulatory reporting and third-party processing. Our 30 minute post trading window enabled a streamlined rollout with minimal disruption. As regulatory infrastructure evolves those windows may shrink. Stay tuned.
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trees and quiet
trees and quiet@treesandquiet·
@vlastakis @tZERO @Alan_Konevsky Thanks,@vlastakis. So to complete the understanding, why do you need EOD processes now but not when 24/7 (or 24/5) trading is available? I assume the answer is simply 'automation code rollout' unless I'm missing something on the regulatory front? $TZROP
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tZERO
tZERO@tZERO·
🚀 Now live: near-24-hour trading on @tZERO! As of today, tZERO’s SEC-regulated ATS supports: ✅24/7 order entry ✅23.5 hours of trading on business days Building to support global, interoperable, always-on markets for tokenized assets. Capital markets are evolving – infrastructure must evolve with them. 🔗 tzero.com/news/tzero-to-…
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Alex Vlastakis
Alex Vlastakis@vlastakis·
@treesandquiet @tZERO @Alan_Konevsky Good questions. That 30 minute pause allows us to complete our EOD processes. Weekends are a work in progress - including reg reporting system availability, etc - but we will be working on 24/7 access in the new year as part of a converged interoperable environment.
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trees and quiet
trees and quiet@treesandquiet·
@tZERO Why not 24/7 trading as well? Please explain the 23.5 / 5. What happens in the last 30 mins? Why not on weekends? @Alan_Konevsky
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