2015-06-07 CT Overstock Offers 25M$ Corporate Bond For World’s First Crypto Sec.

[bornil267645]

Overstock has become the first company to offer $25 million worth of corporate bond, as crypto securities to qualified institutional investors. The offering is part of the company’s bitcoin blockchain-based initiative called Medici.

http://cointelegraph.com/news/114490/overstock-to-offer-25m-corporate-bond-as-the-worlds-first-crypto-security

[Alley]

Can somebody explain this like I'm a 5 year old?  Is this just using colored coins basicly?  Their in no way buying bitcoins correct?  Except for the dust amount required to make a colored coin representing the bond?

Don't get me wrong, this is another step in the right direction. 

[Denker]

Can somebody explain this like I'm a 5 year old?  Is this just using colored coins basicly?  Their in no way buying bitcoins correct?  Except for the dust amount required to make a colored coin representing the bond?

Don't get me wrong, this is another step in the right direction. 

You are right. They will use open asset protocol, specifically colored coins.

[kjlimo]

Sounds very exciting; can't wait for it to effect the layman securities trading.