tZERO has been approved to provide digital asset custody services in the United States.

according to The Block, fintech company tZERO Group Inc. has been approved by U.S. regulators to become a special purpose broker-dealer for "digital asset securities custody."

According to a statement released by the company on Tuesday, the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority have approved tZERO to custody digital assets, making it the second company to receive this license. Previously, digital asset company Prometheum received similar approval from the U.S. Securities and Exchange Commission last year, followed by approval from the U.S. Financial Industry Regulatory Authority to provide digital asset securities clearing and settlement services through its special purpose broker-dealer license.