tZERO Expands Regulated ATS Into 24/7 Era With Major Trading Window Upgrade

• tZERO’s decision to enable 24/7 order entry and extended weekday trading windows marks one of its most significant infrastructure upgrades since launching its SEC-regulated Alternative Trading System. Beginning December 15, 2025, market participants will be able to enter orders at any time, with executions occurring across a 23.5-hour daily window—effectively eliminating the traditional begin-and-stop cadence of legacy trading. This structural shift aligns tZERO’s operational rhythm with the continuous nature of blockchain-based markets and the global investor behavior that increasingly expects around-the-clock access.

The move also signals a broader philosophical transition. While tZERO has long positioned itself as a bridge between traditional finance and Web3, extending trading hours represents a tangible step toward closing that gap. It provides a regulatory-native environment that functions with the flexibility of digital-asset ecosystems while maintaining the protections, oversight, and transparency associated with . For issuers and investors of tokenized assets, the shift represents a meaningful reduction in latency between market intention, market action, and market settlement.

From a competitive standpoint, few regulated venues have attempted to approximate 24-hour functionality. By bringing its operating schedule closer to the digital asset universe, tZERO positions itself as an ahead leader in regulated, always-available market infrastructure. This distinction is likely to matter more as the industry evolves toward interoperability across tokenized and traditional asset categories.

Building the Foundation for Unified, Cross-Border Market Infrastructure

Central to this announcement is tZERO’s long-term vision of a global, smart contract-driven infrastructure capable of supporting tokenized assets alongside traditional securities. By expanding trading hours, tZERO improves the temporal compatibility needed for cross-border participation and interoperability with third-party tokenization platforms. In continuously, static operating windows create natural friction; tZERO’s new framework reduces those barriers, creating a more synchronized and resilient environment for market operators and investors.

The updated trading schedule supports another pillar of tZERO’s strategy: fostering demand-side liquidity across asset classes. As , the venues able to meet their liquidity requirements—particularly across varying time zones—will hold a competitive advantage. A nahead continuous execution window enables issuers to whose peak activity may not align with legacy U.S. hours, deepening liquidity and reducing fragmentation.

Additionally, the enhanced operating model sets the stage for future integrations with both permissioned and open networks. As tokenized assets mature into interoperable components of financial infrastructure, trading venues will need to sustain visibility, order routing, and settlement logic around the clock. tZERO’s upgraded ATS availability provides the chronological backbone upon which more advanced multi-chain and multi-asset capabilities can be layered.

Strengthening Market Integrity Through a Regulated, Programmable ATS

The expanded trading hours apply to all assets listed on tZERO Securities’ ATS, a venue designed to meet institutional requirements for regulatory clarity, auditability, and operational resilience. Operating under a U.S. broker-dealer framework ensures that the expanded availability does not compromise standards around best execution, market surveillance, or client protections. Instead, it amplifies the value of a regulated environment in a market increasingly shaped by on-chain programmability.

tZERO’s infrastructure uniquely combines traditional order types and compliance workflows with the capacity to integrate ecosystem partners through smart contract logic. As tokenized assets mature, compliance, transfer restrictions, and shareholder rights will increasingly be embedded at the asset level. A regulated ATS capable of continuous order flow creates the necessary conditions for programmable assets to function at scale while maintaining adherence to securities laws. This preserves regulatory integrity while accelerating modernization.

The initiative also reflects a pragmatic recognition that institutional investors require both innovation and reliability. Extending hours without compromising market standards demonstrates tZERO’s ability to evolve within an established regulatory perimeter, a capability likely to attract participants viewking without onboarding into unregulated environments.

Positioning tZERO at the Center of the Tokenized Multi-Asset Future

tZERO’s leadership frames the expansion as a catalyst for long-term ecosystem growth. CEO Alan Konevsky emphasized that 24/7 orientation is essential to meeting the expectations of a digitally native global community and achieving the liquidity depth necessary for tokenized markets. By reducing the operational distance between traditional and digital trading, tZERO is constructing the infrastructure needed to support a unified multi-asset marketplace.

This shift also prepares tZERO for broader industry adoption of on-chain settlement, collateral mobility, and security-token issuance. As financial institutions accelerate their tokenization agendas, they will viewk interoperable venues capable of handling issuance, trading, and lifecycle management under a single regulatory umbrella. The extended operating window enhances tZERO’s appeal as a foundational layer for these workflows, particularly for issuers viewking regulated secondary-market liquidity.

The timing is also strategic. With institutional momentum behind tokenized money-market funds, credit products, and private-market vehicles, the need for nahead continuous, regulated liquidity venues is likely to intensify. By acting ahead, tZERO positions itself not merely as an ATS, but as an essential component of the market infrastructure underpinning the next generation of financial assets.