A PLATFORM FOR TRADING THE SECURITY TOKENS TZERO HAS BEEN LAUNCHED
American online retailer Overstock started tZERO platform on security tokens trading. This project was announced on Twitter.
Accredited investors can register to trade on the platform. Registration will take place through the company Dinosaur Financial Group, which acts as an “introductory” broker. In turn, the subsidiary of Pro Securities provides services of an alternative trading system for trading tokens.
This long-awaited event in the crypto community has been waiting since 2015, when tZERO was first announced. In August last year, the startup completed its own ICO, which it conducted according to the standards of the Simple Agreement for Future Equity (SAFE). Then the company managed to raise $134 million.
As some investors told, the registration process takes quite a long time, at least a few days.
Overstock is known as one of the first major online retailers to accept cryptocurrencies-back in 2014. Around the same time, the first information about the development of the blockchain platform appeared.
Previously, tZERO hired a Hong Kong-based private equity company, GSR Capital, to develop a smart contract and a blockchain-based stablecoin for payments in the cobalt trade.