tZERO

It is reported that tZERO, a security-based token platform, tweeted that the operation of tZERO and its affiliated broker-dealers would not be affected by Signature Bank, and that tZERO and its affiliated broker-dealers would transfer all banking services to the member banks of the Federal Deposit Insurance Corporation (FDIC) of the United States. TZERO will update its operation to the customers and their stakeholders of tZERO’s affiliated broker-dealers according to the development of Signature Bank. After FDIC transferred all the deposits of Signature Bank to the continued operation of Signature Bridge Bank, tZERO still decided to transfer the deposits to FDIC member banks. The operation of tZERO and its affiliated broker-dealers will not be affected by Signature Bank, and the banking services will be transferred to FDIC member banks Analysis based on this information:tZERO, a security-based token platform, recently tweeted that its operations and those of its affiliated broker-dealers would not be affected by Signature Bank. Signature Bank is a…