Compartilhe este artigo
TØ Enlists New Broker-Dealer for Blockchain Trading Platform
Overstock subsidiary tØ has partnered with a new broker-dealer as part of its bid to launch a blockchain trading platform.
Por Pete Rizzo
Make us preferred on Google
As part of its bid to launch a blockchain-based equities trading platform, Overstock subsidiary tØ has partnered with broker-dealer Keystone Capital Corporation.
Announced today, the move is the latest step forward in a project that began for the e-commerce giant in late 2014 with the launch of a blockchain R&D division dubbed Medici. That plan, which would find Overstock being granted approval to issue digital versions of its public shares on a blockchain, received key approval from the SEC in 2015.
STORY CONTINUES BELOW
Não perca outra história.Inscreva-se na Newsletter Crypto Daybook Americas hoje. Ver Todas as Newsletters
In statements, Keystone Capital’s Steven Capozza said his San Diego-based firm is "excited" to provide brokerage and trading account services to traders seeking to use the tØ platform.
Capozza said:
"Everyone speaks about using blockchain technology, but very few are actually making it happen."
Data from US News & World Report indicates Keystone has $12.5m in assets under management and 143 clients.
The news follows similar announcements from last year, including Overstock's investment in Pro Securities, a New Jersey-based brokerage, as well as its acquisition of financial technology provider SpeedRoute.
However, more work appears to be needed before trading commences, as evidenced by today’s release, which indicates that Overstock will need to file a prospectus supplement with the SEC related to the offering.
Representatives from tØ were not immediately available for comment.
Overstock image via Shutterstock
Mais para você
'We do not do illegal things': Inside a U.S.-sanctioned stablecoin issuer's race to build a crypto giant
Oleg Ogienko, the public face of A7A5, pitched the ruble-pegged stablecoin as a fast-growing trade rail built to move money across borders despite sanctions pressure.
O que saber:
- Oleg Ogienko, the public face of ruble-denominated stablecoin issuer A7A5, insists the firm complies fully with Kyrgyz regulations and international anti-money-laundering standards despite extensive U.S. sanctions on its affiliates.
- A7A5, whose issuing entities and reserve bank are sanctioned by the U.S. Treasury, has grown faster than USDT and USDC and aims to handle more than 20 percent of Russia’s trade settlements, primarily serving businesses in Asia, Africa and South America trading with Russian partners.
- Ogienko said that he and his team were developing partnerships with blockchain platforms and exchanges during Consensus in Hong Kong, though declined to name specifics.
Top Stories
