Overstock's tZERO security token trading platform has gone live

24 Jan, 2019
by David Borman
News
Overstock's tZERO security token trading platform has gone live

BusinessWire is reporting that the much anticipated tZERO trading platform has gone live today to allow trading of the tZERO security tokens. tZERO's parent company is Overstock, which recently announced that it would be shifting gears to focus on cryptocurrency startups.

Last year saw tZERO's initial security token offering (STO) raise $134 million. After the sale, the tZERO tokens were put into a mandatory 90 day lock up period, which only recently expired. Now, traders are free to buy and sell the security tokens on the tZERO trading platform.

In the article, tZERO CEO Saum Noursalehi is quoted:

"The world of security tokens has lacked a regulated venue for secondary trading... The trading of our own security tokens is the crossing of the Rubicon for the new world of digital assets. This will create liquidity, democratize access, bring transparency and efficiency to global markets and accelerate the adoption of security tokens."

It looks like this is a great step forward for digital securities trading in general. If successful, it could pave a way to a much broader range of tokenized, tradable products. As usual, stick right here with Chepicap for all updates on tZERO!

Read more: Overstock's most anticipated trading platform, tZero will go live next week

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Read more about: Overstock

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