Overstock CEO Patrick Byrne confirmed the upcoming tZero ICO scheduled by Thanksgiving, adding it can raise up to $500 million.
The new exchange is promised to drive the growth of security token market by changing the trade of virtual tokens issued via Initial Coin Offerings.
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.