On Wednesday, July 17, 2019 Overstock’s tZERO announced that they were bringing new managers onboard, and this move by the company is to give it a leadership structure that will make the startup function like a corporation, as opposed to running a startup leadership scheme. With all the recent developments at tZERO, brining on strong leadership with immense experience looks to be in the best interest to maximize potential at tZERO.
tZERO Token Issuance
Interestingly, the new head of issuance, Brooke Navarro has garnered a lot experience, after spending almost ten years at Barclays, and while at Barclays, she was in charge of dealing with equity markets in telecom, media, and tech, and she performed brilliantly while at Barclay’s. Saum Noursalehi, the CEO of tZERO said they had been on the lookout for the best person to fill their issuance post, and they felt that Navarro was just the right person for the job. With Brooke highly experienced in equity markets, she will be well equipped to assess financial metrics during the issuance process at tZERO.
Capital Markets & Public Relations
Also, the new head in charge of investor relations at tZERO is Michael Mougias, and interestingly he had gotten a lot of experience in the field after working the same role at IMAX. Furthermore, Michael also has experience when it comes to capital markets, and that is due the fact that he has worked for Ipreo, which is a firm for private capital markets, and the company was bought over in 2018 by HIS Markit. The third executive to join the fold is Alexandra Sotiropoulos who functioned as a PR Manager for Intermarket, which was the firm that took care of tZERO’s public relations for a while. It was announced that Alexandra is set to become the head of communications at tZERO.
It may interest you to know that Navarro’s role includes the responsibility of looking for companies that are looking to raise capital through the issuance of tokens on the tZERO platform, and also look for companies that are willing to partner, and thus bring about an increased adoption of the tech offered by tZERO. In May, tZERO went into a partnership with Securitize, and will help with the listing of some tokens that have been issued with the aid of the protocol offered by Securitize. Furthermore, there are ongoing negotiations to partner with Emaar (UAE-based real estate company), and Elio Motors.
A lot is happening with tZERO, and in the previous week, it was made known to the company that they would be in charge of issuing security tokens that will be used in the funding of a movie production. In a recent development, tZERO came out with a mobile app that was designed to facilitate crypto trading. The app was setup to allow users sell and buy ethereum and bitcoin, which are two of the world’s leading cryptocurrencies, according to their market capitalization. However, there are indications that they will add a third coin soon, however, the name of the coin will be revealed at a later date this month.
It is amazing to see so much progress with blockchains and cryptocurrencies, and that is indicative of the fact that the technologies are more beneficial to everyday situations than we imagined, and we can only hope for more innovative solutions in the near future.