The U.S. Commodity Futures Trading Commission (CFTC) has approved tZERO to operate a regulated derivatives exchange, completing a second licensing milestone as the company prepares to go public through a proposed $350 million merger.
Summary
- The CFTC approved tZERO’s derivatives exchange following its October registration as a regulated derivatives clearinghouse.
- tZERO plans to develop services supporting cryptocurrency futures, tokenized derivatives and other financial contracts trading.
- Both regulatory approvals satisfy the first earn-out milestone under tZERO’s proposed merger with FG Imperii.
- The proposed transaction values tZERO at $350 million before the merger,…
