Medici, the blockchain unit of, announced news on Tuesday (Dec. 19) of the launch of tZero, an alternative trading system that is creating a platform to exchange cryptocurrency tokens in the U.S.

According to a report in CoinDesk, the first-of-its-kind alternative trading system (ATS) will be regulated by the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Overstock’s Medici is teaming up with RenGen, a FinTech that will act as the market maker, and Argon Group, an investment bank focused on ICOs, to offer the ATS.