The partnership will expand the T0’s presence and range of services in the global financial ecosystem.
Online retailer started selling company shares via its trading platform, thus becoming the first publicly traded company to issue securities on the blockchain.
Speaking at the Money 20/20 conference on Tuesday, Overstock’s communications director, Judd Bagley, announced the company will commence trades on its blockchain platform this December.
Keystone Capital Corporation has announced a license agreement with Overstock’s subsidiary to use its blockchain trading technology for offering trading account and brokerage services to investors.
If Overstock.com fulfils the public offering it plans, its shareholders will get an opportunity to buy blockchain or traditional stock.
While R3 CEV blockchain consortium attracts new members, Overstock.com’s CEO Patrick Byrne warns that the initiative can stifle innovation.
Getting an approval from the SEC is a part of a large cryptofinance initiative of Overstock called Medici.
Various sources close to Overstock say that the U.S. Securities and Exchange Commission has approved a S-3 filing for Overstock.com to issue new publicly traded shares on the Bitcoin blockchain.
The new platform tØ promises to change financial market by enabling instantaneous transactions.
Overstock.com came up offering cryptosecurity based on the bitcoin blockchain.
Cryptobonds to be issued on the company’s newly-developed platform TO.com
Overstock works together with PRO Securities to present new blockchain-related technology.
Major online retailer Overstock is planning to issue new kind of securities that will be developed with the use of technology behind cryptocurrencies.