DeFi firm Aurox launches SEC-compliant crowdfunding campaign on tZERO

Rick Steves

“This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

Aurox, a cryptocurrency DeFi-focused software development company, has launched a crowdfunding campaign on the tZERO Markets platform, seeking to raise capital from the public to continue product development and expansion.

Conducted under the Regulation Crowdfunding (CF) promulgated by the Securities and Exchange Commission (SEC), the fundraiser will allow qualified retail investors to purchase shares of Aurox.

Democratization of capital raising in pre-IPO companies

The move is a major step in the democratization of capital raising in pre-IPO companies, using a transparent and self-directed platform operated by an SEC and FINRA-regulated broker-dealer.

Aurox facilitates access to decentralized finance to traders, investors, and institutions with a suite of proprietary tools. The crypto software development firm was co-founded by crypto traders Giorgi Khazaradze, Ziga Naglic, and Taraz Andreyevich in 2020.

Currently serving an estimated 70,000 crypto traders, Aurox launched its free trading terminal, an all-in-one platform that integrates 50+ exchanges, 100,000 pairs, advanced market trend indicators and real-time data. Last year, the company released its web3 wallet.

David Goone, CEO of tZERO, said: “We are thrilled to be working with Aurox on their crowdfunding campaign. With tZERO Markets platform, we are providing a fully regulated environment for investors to access and invest in innovative companies like Aurox. Our goal is to democratize access to capital and make it easier for companies to raise funds while providing investors with access to a diverse range of investment opportunities in a compliant environment.”

Giorgi Khazaradze, CEO of Aurox, commented: “We are delighted to be working with tZERO on our crowdfunding campaign. This is a great opportunity for us to raise capital from our community and the broader public on a leading fully regulated platform. We are confident that the tZERO Markets platform will provide us with the exposure and reach we need to attract a diverse investors to support our business growth.”

tZERO offers institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system.

Read this next

Digital Assets

CFTC Charges Binance and Its Founder, CZ, with Willful Evasion of Federal Law

The Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Changpeng Zhao and three entities that operate the Binance platform with numerous violations of the Commodity Exchange Act (CEA) and CFTC regulations.

Institutional FX

Macau announces MCEX exchange for institutional exposure to China’s micro and small businesses

One issue that can’t be overlooked, however, is how transparent can these cash flows be, given the reality of parallel economies in micro and small businesses. 

Digital Assets

Sphynx Ink and OpenSea Partner for “Winkles & Flam” Digital Collectibles

Sphynx Ink Inc. is launching Winkles & Flam, the first cartoon duo in the web3 space, with original hand-drawn art and educational content focused on video game history.

Industry News

Titanium Blockchain CEO sentenced to 4 years in prison for $21m crypto scam

He did not use the invested money as promised but instead commingled the ICO investors’ funds with his personal funds, using at least a portion of the offering proceeds for expenses unrelated to TBIS, such as credit card payments and the payment of bills for his Hawaii condominium.

Industry News

First Citizens acquires Silicon Valley Bank’s deposits and loans

Technically, First Citizens is acquiring Silicon Valley Bridge Bank, National Association, an entity created by the FDIC following the closure of Silicon Valley Bank by the California Department of Financial Protection and Innovation.

Industry News

FXDD named “Most Transparent Broker – Europe” for 2022

Continuing its winning streak, leading brokerage firm FXDD has won the “Most Transparent Broker – Europe” award – granted by the ForexRating.com Awards 2022.

Industry News

The UTIP has launched a reseller program, opening new opportunities to maximize profits

The UTIP Technologies Ltd.  is underway to launch a reseller program. A purpose of the program is to attract new partners, boost a brand awareness and create a unique offer for forex brokers. This allows the reseller to buy and integrate attractively priced UTIP products with their own solutions and expand a range of products for their clients.

Technology

Fxview Sheds Light on Technology Enablement

Traders gain control over their activity and capital with low-latency execution.

Digital Assets

Haru Invest secures EU passport via VASP license in Lithuania

“Haru Invest has been growing stronger than ever, even during the volatile market situation, so we are very keen on crypto regulations. Obtaining a VASP registration is one of many milestones for our company, and it will help build trust in the crypto industry for our members by providing secure and compliant digital asset management services.”

<