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Author Topic: [2015-07-31] Overstock.com and FNY Capital Conclude $5 Million Cryptobond Deal  (Read 194 times)
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July 31, 2015, 07:09:20 PM
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Overstock.com and FNY Capital Conclude $5 Million Cryptobond Deal

SALT LAKE CITY, July 31, 2015 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) announced the sale of a $5 million digital security in the form of a cryptobond to FNY Managed Accounts LLC ("First New York"), an affiliate of FNY Capital. The sale is intended to serve as an additional proof-of-concept of the safety and efficiency of exchanging financial instruments via a cryptographically secured, public ledger.

http://www.nasdaq.com/press-release/overstockcom-and-fny-capital-conclude-5-million-cryptobond-deal-20150731-00653



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