dco

The tokenized brokerage has added another “clearing” credential; the trading floor hasn’t opened first.
tZERO announced on October 20 that its wholly owned subsidiary, tZERO DCO, LLC, had been registered by the U.S. CFTC as a derivatives clearing organization (DCO). The CFTC website entry is clear: registration date October 16, status Registered, authorized to clear fully collateralized futures, options on futures, and swaps.
Don’t mistake the boundary: this is a clearinghouse, not an exchange. The DCM (Designated Contract Market) application is still Pending. CEO Alan Konevsky says approval is “coming soon,” but even approval wouldn’t mean products are live—event contracts, tokenized/traditional derivatives, perpetuals, and others still need product approval and operational readiness.