tZERO Appoints Alan Konevsky as Executive Vice President and Chief Legal and Corporate Affairs Officer

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NEW YORK–(BUSINESS WIRE)–tZERO, a leader in blockchain innovation and liquidity for digital assets, today announced that Alan Konevsky, former Chief Executive Officer and Acting Chief Legal Officer of tZERO, has been named Executive Vice President and Director of Legal and Corporate Affairs of tZERO, effective March 2022. Konevsky’s appointment is tied to the recently announced large minority investment by Intercontinental Exchange, Inc. (NYSE: ICE) and the appointment of David Goone to the position of General Manager of tZERO. In his new role, Konevsky will be responsible for a range of strategic, corporate, legal, regulatory and other matters. He will also play an active role in guiding tZERO’s growth strategy under Goone’s leadership.

“Alan is a key member of the experienced tZERO team and one of the company’s longest serving executives. He has played a critical role in tZERO’s strategy and operations, including during the leadership transition,” said Matt Mosman, Chairman of the Board of tZERO and General Partner of Pelion Venture Partners. “Alan has done a tremendous job keeping the company running during his interim leadership over the past few months, and I look forward to seeing him accelerate the growth of tZERO in his new role within the company with David and the rest of the tZERO team.

David Goone, CEO of tZERO, said: “I am thrilled to be part of tZERO and to work with Alan to lead our talented team through the next stage of business growth and development.

“It has been an honor to lead tZERO’s business operations during the leadership transition,” said Alan Konevsky. “I have great personal and professional admiration for David and his accomplishments and look forward to continuing to work with the tZERO team as we develop new markets and products that leverage the age-old relevance of digital infrastructure to institutional, retail and consumer ecosystems, including with cryptocurrencies, securities and NFTs.

Konevsky joined tZERO in December 2018 as Chief Legal Officer and served as its interim Managing Director from August 2021. During his tenure at tZERO, he managed a broad cross-functional set of executive responsibilities, combining commercial experience and legal in the financial field. services and other highly regulated industries, capital markets, technology and strategy. He is also a board member of the Boston Security Token Exchange (BSTX), tZERO’s joint venture with BOX Digital Markets LLC to launch the nation’s first blockchain-enabled regulated stock exchange that offers faster settlement, exclusive and transparent data on the blockchain. , and improving the quality of the market for early-stage companies, which was recently approved by the SEC. Konevsky brings to tZERO more than 20 years of international experience in a range of senior positions at Mastercard, Goldman Sachs and Sullivan & Cromwell. Konevsky graduated magna cum laude from Harvard Law School and summa cum laude from Columbia College.

tZERO is a technology company whose goal is to democratize access to capital markets. tZERO brings together issuers and financial firms seeking a transparent, automated and digital marketplace and investors seeking access to unique private assets, public stocks, cryptocurrencies and other digital assets, including non-fungible tokens. For more information, visit https://www.tzero.com/.

Notice to Investors

Investors should note that trading in securities may involve substantial risks, including no guarantee of return, costs associated with selling and buying, no assurance of liquidity, which could impact price and ability of sale, and a possible loss of the capital invested. Additionally, an investment in a single security could mean a lack of diversification and, therefore, higher risk. Prospective investors are urged to consult a professional adviser regarding the economic, tax, legal or other consequences of trading in securities as described herein.

No offer, solicitation, investment advice or recommendation

This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy or a recommendation for any security, nor an offer to provide investment advice or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security. Nothing in this release should be construed as a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide investment advice or services to any person in any jurisdiction. Nothing in this release constitutes investment advice or offers an opinion as to the suitability of any security, and any views expressed in this release should not be considered advice to buy, sell or holding securities. In preparing the information contained in this press release, we have not taken into account the investment needs, objectives and financial situation of any particular investor. This information does not take into account the specific investment objectives, financial situation and special needs of any specific recipient of this information and the investments discussed may not be suitable for all investors. All opinions expressed in this release by us have been prepared based on information available to us at the time such opinions were written. Changed or additional information may cause these views to change. All information is subject to possible corrections. Information can quickly become unreliable for a variety of reasons, including changes in market conditions or economic circumstances.

Forward-looking statements

This press release contains forward-looking statements. In addition, from time to time, tZERO, its affiliates or its representatives may make oral or written forward-looking statements. These forward-looking statements are based on expectations and projections about future events, which are derived from information currently available. These forward-looking statements relate to future events or future performance, including financial performance and projections; revenue and earnings growth; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use words such as “may”, “should”, “expect”, “anticipate”, “intend”, “estimate “, “believes,” “plans,” “projected,” “predicts,” “potential,” “hopes,” or the negative of these or other similar terms. When evaluating these forward-looking statements, you should consider various factors, including, but not limited to: the ability of tZERO and its affiliates to change direction; the ability of tZERO to keep pace with new technologies and changing market needs; and competition. factors and others may cause actual results to differ materially from any forward-looking statements. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their representatives resp Actual results may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its affiliates and its representatives are under no obligation to publicly update or revise any forward-looking statements, whether due to uncertainties and assumptions, the forward-looking events discussed in this release and other statements made by from time to time by tZERO, its affiliates or its representatives may not occur.

About tZERO

tZERO Group, Inc. (tZERO) and its brokerage subsidiaries provide an innovative liquidity platform for businesses and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table using blockchain technology and trade on a regulated alternative trading system. tZERO, through its broker affiliates, democratizes access to private assets by providing a simple, automated, and efficient trading venue for brokers, institutions, and investors. tZERO is a portfolio company of Medici Ventures, a blockchain-focused fund. The general partner of this fund is an affiliate of Pelion Venture Partners. Overstock.com, Inc. (NASDAQ:OSTK) is a sponsor of Medici Ventures and a direct investor in tZERO. For more information about tZERO, please visit https://www.tzero.com/.

tZERO is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and does not provide brokerage, investment banking or underwriting, recommendations or investment advice to anyone, and does not provide brokerage services. tZERO does not engage in the negotiation or execution of transactions on the secondary market for the purchase or sale of securities and at no time has possession of funds or securities of investors in connection with these transactions.

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