tZERO Launches New Wallet that Allows Users to Trade Bitcoin and Ethereum

tZERO has introduced a new app that combines a digital wallet with exchange services. The firm, backed by Medici Ventures, revealed a security token trading platform last January.

The app, dubbed tZERO Crypto App, will also enable users to trade bitcoin and ethereum and features a private key recovery system that will store coins safely if you lose your mobile phone or device.

“The tZERO Crypto App is a significant milestonein our plans to provide an intuitive experience for trading all digital assets,” Saum Noursalehi, CEO of tZERO, said in a statement.

According to the company, the app is available for iOS and is coming to Android “soon.”

It was previously reported in March that the company was seeking to release a crypto-buying app. Noursalehi said at the time that the app was being created by the team from Bitsy, a company previously acquired by tZERO. He said that in the long term, the plan is for the app to enable trading of security tokens that are listed on tZERO’s exchange.

The company, which grew out of e-retail tycoon Overstock’s initiative to create businesses in the blockchain industry, is popular for its alternative trading system (ATS) for tokens. The token platform launched in late January after years of development, though as of now, the only token available for trading is the one issued by tZERO itself.