Overstock.com’s tZERO Completes Issuing its Security Tokens To Investors

tZERO is a part of Overstock.com’s blockchain subsidiary of Medici Ventures. Founded in 2014, tZERO has the ultimate goal of revolutionizing traditional Wall Street operations using blockchain technology. To create the tZERO platform, a securities token offering (STO) was carried out from December 2017 to August 2018. A total of $134 Million was raised from the STO that had over 1,000 global investors. Security Tokens Issued to Investors It is with this background that the team at tZERO announced that they have completed the issuance of the tZERO security tokens. These tokens were issued to investors who had fully executed Simple Agreements for Future Equity (SAFEs). tZERO’s CEO, Saum Noursalehi, explained that the STO was carried out on a decentralized public network and in full compliance of the securities laws in the United States. He also encouraged other companies to raise capital through STOs. This is an exciting milestone for…

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