The integration of tZERO's blockchain-powered multi-asset infrastructure with PandoAlts' digital alternative investment interoperability layer represents a significant step toward modernizing how institutional and qualified investors access private markets. This collaboration directly addresses historical inefficiencies in alternative asset markets by establishing a connective layer between allocators, brokers, and issuers, replacing fragmented sourcing and opaque workflows with institutional-grade connectivity.
By connecting tZERO's broker-dealers directly to the PandoAlts allocator network, the integration enables real-time indications of interest from institutional users while surfacing assets available on tZERO's platform to allocators actively seeking exposure. This creates clear visibility into verified investor demand across alternative asset classes including private markets, private credit, real assets, and structured investments. According to Alan Konevsky, CEO of tZERO, "This partnership brings something the alternatives market has historically lacked – a direct line between allocator demand and asset supply."
The operational mechanism centers on PandoAlts' demand-driven order management system where allocators submit indications of interest for specific alternative exposures, bringing public market execution concepts into private markets. PandoAlts does not execute transactions or act as a broker-dealer, with all transactions effected directly through registered broker-dealers or directly with issuers. Cash Lafferty, Founder and CEO of PandoAlts, explained that "allocators are increasingly explicit about the exposures they want, and PandoAlts provides the infrastructure to translate that demand into executable workflows, translated digitally for ingestion by investor reporting tools at the wealth management firm."
This integration matters because it potentially enhances price discovery and supports allocators in meeting their best execution obligations by standardizing demand visibility and normalizing post-trade data into wealth managers' systems of record. For institutional investors, this could mean more efficient access to alternative assets without the friction typically involved in adding new dealer and issuer relationships. The partnership aligns with tZERO's broader strategy to serve as the connectivity layer across tokenized and traditional assets, combining regulated brokerage, trading, custody, and tokenization capabilities with PandoAlts' institutional distribution channels.
For the alternative investment industry, this development signals a move toward scalable, modern infrastructure that could increase market transparency and efficiency. By expanding how efficiently institutional capital can access alternative assets, this integration may contribute to the maturation of private markets infrastructure. More information about tZERO Digital Asset Securities may be found on FINRA's BrokerCheck, and additional details about tZERO are available on their website.
