tZERO, the global leader in blockchain innovation has partnered with BLOQ FLIX, LLC, the first blockchain entertainment financing company. The partnership will thus help in tokenizing films.

Bloq Flix will utilize its tokenization protocol technology for tokenizing films. Also, JumpStart Securities will serve as the placement agent for these digital securities. With this partnership, the firms will thus establish a new film financing route for television, internet, and studio projects. Bloq Flix will let the qualified investors participate in the funding process with the help of the tokenization protocol of tZero. This is because financing independent films or Indie films is a tough job, and wealthier individuals generally back them. Blockchain will, therefore, streamline the funding process by providing capital directly to studios and producers.

The ultimate goal of this partnership is to tokenize and trade assets that can benefit from blockchain technology, and digitizing film financing fits this model nicely. Bloq Flix has financed 30 entertainment projects. The company has partnered with multiple studios that have participated in a series of feature films. Its website lists films starring Keanu Reeves Liam Neeson, Josh Brolin, Bruce Willis, Sylvester Stallone, and Kevin Spacey among others as per the source.

tZERO is a technology firm that initially used the blockchain to revolutionize Wall Street. It is now open to public trading. The global blockchain leader has recently announced a third cryptocurrency Ravencoin(RVN) that will be tradeable in its Crypto App.