Operations of tZERO and its affiliated broker-dealers will not be affected by Signature Bank and banking services will be transferred to Member FDIC Bank

The security token platform tZERO tweeted that the operations of tZERO and its affiliated broker-dealers will not be affected by Signature Bank, and that tZERO and its affiliated broker-dealers will transfer all banking services to member banks of the U.S. Federal Deposit Insurance Corporation (FDIC). tZERO will update customers of tZERO-affiliated broker-dealers and their stakeholders on operational status as Signature Bank develops. After the FDIC transferred all deposits from Signature Bank to the continuing operation of Signature Bridge Bank, tZERO still decided to transfer deposits to FDIC member banks.