According to BlockBeats, on September 10, fintech company tZERO Group Inc. received approval from U.S. regulators to become a special purpose broker-dealer for digital asset securities custody.
In a statement released on Tuesday, the company announced that the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have granted tZERO the authorization to custody digital assets. This makes tZERO the second company to receive such approval.
Previously, digital asset company Prometheum received similar approval from the SEC last year. Prometheum later obtained approval from FINRA to offer digital asset securities clearing and settlement services through its special purpose broker-dealer license.