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 works together with PRO Securities to present new blockchain-related technology.
Patrick Bryne, well-known bitcoin supporter, will start working for the presidential campaign of Senator Rand Paul.