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tZERO To Launch Security Token Trading In Four Days

09 August 2019 11:25, UTC

Blockchain company tZERO, a subsidiary of retail giant Overstock, plans to launch public trading of security tokens within four days

Saum NOURSALEHI, CEO of tZERO, said that August 12 marks the end of the one-year lock period after the tokens offering held in 2018. He also noted that the company expects 50,000 new investors who have already bought Overstock shares to begin trading their digital tokens:

“We had a lot of broker-dealers, about 30 or 40, reach out to us that want to get involved in this ecosystem [...] We’re working on these requests. Investors have been sending questions as well. They are excited and they are trying to understand it.”

At the time of publication, the report notes that two tokens are available for trading on the tZERO platform. One is a private equity token called TZEROP, which was issued to operate the company's initial offering. Another is Overstock’s digital voting series A-1 preferred stock. The report also notes that tZERO has been offering token trading since January, but the option was available only to accredited investors.

Image courtesy of Cryptos RU