Overstock’s tZERO Security Token Platform Begins Live Trading - BITCOIN NET MAGZ

Overstock’s tZERO Security Token Platform Begins Live Trading

- 11.00

E-commerce giant Overstock.com's cryptocurrency subsidiary tZERO declared that secondary trading of tZERO tokens is currently live, as per a press release published Jan. 24.

Per the release, accredited investors can trade the safety tokens through an electronic securities broker account at Dinosaur Financial Group, which will act as a broker-dealer. Dinosaur partnered with tZERO subsidiary PRO Securities, which offers an alternative trading system for secondary trading of tZERO safety tokens. CEO of tZERO Saum Noursalehi said:

    "The area of security tokens has lacked a regulated venue for trading. The trading of their security tokens is that the crossing of the Rubicon to the brand new universe of electronic assets. This will make liquidity, democratize access, bring efficiency and transparency to international markets and hasten the adoption of security tokens."

In April 2018, tZERO introduced the prototype of the securities trading platform. In accordance with Overstock's CEO Patrick Byrne, the prototype intended to"have an concept of the width" of what tZERO planned to offer.

The company completed its security token offering (STO) in August 2018, raising $134 million from over 1,000 global investors. The business originally introduced the STO in the kind of an initial coin supplying (ICO) in December 2017, with drawn strong crypto and conventional institutional curiosity.

Overstock had previously filed for the ICO to be categorized under Regulations D and S rather than as a standard securities filing.

Earlier this month, tZERO registered a patent for a"crypto integration platform" for trading electronic assets. The patent filing describes a system that will be able to receive orders to exchange"digital transactional items" out of broker-dealers then translate the orders into crypto orders on an electronic exchange. Such items include securities, tokens, digital stocks, cash equivalents and electronic assets.

 

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