American Films plans to tokenize its stock using tZERO’s smart contract technology. The tokenized stocks are expected to begin trading on tZERO ATS in Q4 2021.
American Films, Inc. is an intellectual property anti-piracy innovator and developer of films and other creative projects. American Films owns, develops, and acquires intellectual property, which it seeks to monetize through proprietary technology, enforcement of rights, and asset digitization. Its processes and technology include FACTERRA, a web-based evidence gathering program that identifies instances of copyright infringement, allowing American Films to pursue intellectual property protection on behalf of copyright owners.
tZERO offers institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and trade on a regulated alternative trading system. tZERO ATS, a wholly owned susidiary of tZERO, is a broker-dealer registered with the SEC and a member of FINRA and SIPC.
Alan Konevsky, tZERO Interim CEO and Chief Legal Officer, said:
“We look forward to digitizing American Films common stock once it completes its corporate actions, and trading it, which we anticipate will commence on the tZERO ATS in Q4 2021.”
Customers of tZERO’s retail broker-dealer subsidiary, tZERO Markets, will be able to trade American Films common stock on the tZERO ATS.
John Carty, American Films CEO and President, commented:
“We are excited to share more details about our planned stock split, as well as our digitization roadmap. We believe the company is better positioned for growth and significant shareholder value creation by delaying the trading of American Films’ common stock on the tZERO ATS.”