Solving America's Liquidity Problem: Secondary Markets for Tokenized Securities
Tokenized securities are only as valuable as their liquidity. tZERO, INX, Vertalo, and emerging ATS platforms are building the secondary market infrastructure that will determine whether tokenization delivers on its $16 trillion promise.
ATS & Broker-Dealer License Tracker
Every SEC-registered Alternative Trading System approved for digital securities trading in the US — who's licensed, pending, and what their approval means for secondary market liquidity.
ATS Registration — Alternative Trading System
An Alternative Trading System (ATS) is an SEC-regulated trading venue that matches buyers and sellers of securities outside of national exchanges — and the only legal mechanism for secondary trading of most tokenized securities in the US.
Secondary Market Liquidity Tracker
Volume, spreads, and depth across US-regulated tokenized securities trading venues — tZERO, INX, Securitize Markets — with honest assessment of where liquidity remains thin.