Overstock’s TØ to Issue First Public Blockchain Equities

[Ezekial2517]

Overstock.com’s blockchain-based trading startup, TØ, has announced its partnership with the Keystone Capital Corporation. The collaboration marks the first public issuance of blockchain equities.

Keystone Capital and TØ’s Public Blockchain Equities

On September 14, Overstock’s TØ was selected by Keystone Capital Corporation to use its blockchain trading system. Under a license agreement with TØ, Keystone will provide brokerage options for clients looking to acquire blockchain securities. The TØ startup will enable investors to create digital accounts in the near future.

https://news.bitcoin.com/overstock-to-public-blockchain-equities/

[yayayo]

Although this news is featured by Roger Ver's pro-centralization news source the underlying press release is interesting: On the one hand Patrick Byrne has been proven to be a true pioneer when it comes to accepting Bitcoin for payments. Overstock is clearly a great addition to the Bitconomy. It's also known that Byrne is a strong critic of the (financial) establishment and Wallstreet - not only because Overstock was allegedly the victim of naked short sellers. So it is really great to see that he is starting a competing service for stock trading and settlement.

On the other hand I'm not sure if Byrne has fallen for the private blockchain nonsense, because the news release is only talking about blockchain, it does not even mention Bitcoin. A private blockchain settlement layer solution however would be highly detrimental of the overall objective of the initiative to provide a faster and especially more secure way of trading securities.

ya.ya.yo!

[Spoetnik]

blockchain securities 

[lumeire]

Glad they're having progress with that project. It would be awesome if they can open their securities market with the world not just for US or something.