Menu

Search

  |   Digital Currency

Menu

  |   Digital Currency

Search

Overstock’s blockchain subsidiary tZERO launches security token sale

Online retail giant Overstock.com’s blockchain subsidiary tZERO on Monday commenced its much anticipated $250 million Initial Coin Offering (ICO) to accredited investors.

During the pre-sale period – starting December 18, 2017 and expected to run through January 18, 2018 – tZERO will enter into Simple Agreements for Future Equity (SAFEs) with strategic purchasers identified as accredited investors. In the Subsequent Sale Period – starting January 18, 2018 and anticipated to run through February 16, 2018 – tZERO will enter into SAFEs with other accredited investors.

“Overstock is proud to be the market-leading enterprise embracing the cryptorevolution. Recognizing the blockchain technology-driven transformation and disruption already underway across numerous industries, Overstock today opens the tZERO ICO,” Overstock CEO Patrick Byrne said. “Beginning with the ‘pre-sale’ round, I am confident that prominent investors from around the globe will propel tZERO toward achieving its mission of bringing greater efficiency and transparency to capital markets.”

tZERO will treat the tokens as preferred equity in the company.

“With this first ever regulated security token, we are entering a new world of capital formation that I believe will become Wall Street 2.0,” tZERO CEO Joe Cammarata added.

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

October 17 19:00 UTC Released

ARCPI National 12 Month

Actual

40.5 %

Forecast

Previous

34.4 %

October 17 19:00 UTC Released

ARCPI 12 Months

Actual

40.3 0

Forecast

Previous

34.2 0

January 31 00:00 UTC 374241374241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 374241374241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 386061386061m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 374241374241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 386061386061m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 374241374241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 374241374241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 374241374241m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.