Overstock.com could begin first Bitcoin-based stock trades

Overstock.com has had it with the inefficiency of today’s equity markets, and it’s not going to take it anymore.
The company announced a new blockchain-based platform for trading equities(stocks and bonds) called T0 last year. Today, at the Money 20/20 conference in Las Vegas, Overstock.com’s communications director, Judd Bagley, detailed T0′s advantages over traditional equities trading systems and strongly hinted that a company – likely Overstock.com itself – would soon begin selling its stock on the T0 platform.
While other financial technology innovators might tread lightly for fear of offending the Wall Street types they eat lunch with every day, Bagley said Overstock is not going to hold back.
‘We’re from Utah. We don’t care. We’re really taking a ‘burn it down and start over’ approach,’ Bagley said.
After the panel, Bagley clarified that for regulatory reasons, T0 cannot be called a ‘stock exchange.’ It is, he said, a platform for trading ‘widgets,’ and the first use case will be equities (stocks and bonds).

This post was published at Venture Beat on OCTOBER 24, 2016.