Overstock’s blockchain-focused company tZERO has announced the launch of tZERO tokens trading, according to the official announcement.
Previously, Chief Executive of Overstock, Patrick Byrne, sold all of Overstock’s business and begun focusing on blockchain & crypto-related spaces.
"A new efficient and transparent path for capital formation via blockchain is now a reality, but those who have followed our journey know that today’s announcement is just one more step down a path," said Patrick Byrne.
The head of tZERO, Saum Noursalehi, says the world of security tokens "has lacked a regulated venue for secondary trading."
"The trading of our own security tokens is the crossing of the Rubicon for the new world of digital assets. This will create liquidity, democratize access, bring transparency and efficiency to global markets and accelerate the adoption of security tokens," Noursalehi added.
In 2016, tZERO raised $134 million from over 1,000 investors during its security token offering (STO), which closed in August 2018.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.