Overstock Taking Stock Market To Bitcoin’s Blockchain In December

Described by Overstock’s communications director, Judd Bagley, as a platform for trading ‘widgets’ whose first use case will be equities – stocks and bonds, t0 which has been touted to be the world’s first Blockchain-based platform to issue equities and usher global financial system into a new age may be operational by December 2016.
The t0 issuance and trading platform is developed by a Overstock’s majority-owned financial technology subsidiary, t0.
At the Money 20/20 conference in Las Vegas, Bagley hinted on Monday October 24 at t0′s advantages over traditional equities trading systems and that a company would soon begin selling its stock on the t0 platform. By the next day, Overstock announced it had gotten the approval of its board to make a non-transferable rights, offering that would allow Overstock’s stockholders of record to purchase shares of its preferred stock on the registered alternative t0 trading system.

This post was published at Coin Telegraph on 2016-10-27.