tZERO, a security token exchange and subsidiary of Overstock.com, has signed a letter of intent with investment company GSR Capital for the purchase of $160 million in tZERO Security Tokens, according to a press release published June 29.
Beijing-based GSR Capital will reportedly purchase $160 million worth of tZero security tokens at a price of $10.00 per token, pursuant to the Simple Agreement for Future Equity (SAFE).
tZERO’s Security Token Offering (STO) has been prolonged until August 6, 2018, in order to accommodate investment from GSR Capital.
tZERO has also “entered into executed SAFEs in excess of $168 million for Security Tokens, of which over $95 million has been already funded,” the announcement says.
tZERO initially introduced the prototype of its security token trading platform in the beginning of April.
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Much-anticipated Overstock’s Security Token Trading Platform tZERO Goes Live
Now accredited investors can trade tZERO security tokens through a digital securities brokerage account at Dinosaur Financial Group, LLC, which will act as the introducing broker-dealer.
A Hong Kong-based venture capital firm is placing a major bet that tZero, a security token exchange owned by e-commerce company Overstock, will be the future of tokenization.
tZERO, the global leader in blockchain innovation for capital markets, today announced the signing of a letter of intent (LOI) with GSR Capital (GSR), a private equity firm...
tZERO signs LOI with GSR Capital for security token investment of $160 million
Комиссия по ценным бумагам и биржам США (SEC) одобрила работу BSTX как первой регулируемой платформы по торговле акциями на базе блокчейна в стране. Об этом говорится в пресс-релизе.
Учредителями BSTX выступают оператор Бостонской биржи опционов BOX Digital и аффилированная с компанией Overstock торговая платформа security-токенов tZERO.
tZero has announced it signed an agreement with EnergyFunders to digitize $25 million of equity interest in the EnergyFunders Yield Fund I.
The post tZERO and EnergyFunders Partner to Digitize $25M of Securities appeared first on BeInCrypto.
According to the press release from Mar. 2, this move will help investors access secondary liquidity for traditionally illiquid assets like real estate on the Tezos blockchain. Real Estate Liquidity Goes on Tezos ROI Group plans to roll out its digital security offering in smart contracts on the Tezos (XTZ) blockchain.
Stephane De Baets visualizes a future where every asset, whether a small business or property, can be tokenized and sold on the blockchain– and he’s putting his tokens where his…
The post Stephane De Baets Owns the St.
The month of August saw tZERO’s user base grow by 11% compared to July, marking an increase of more than 1,000 new users on the digital asset app. Notably, this year has been relatively bullish for tZERO with a total of 143% growth in user base since it began.
