The blockchain subsidiary of e-commerce giant Overstock has revealed the prototype for its soon-to-be-launched token trading platform.
Overstock and tZero chief executive Patrick Byrne said the prototype will help users "get an idea of the breadth of what we intend," given that the move follows the launch of Overstock's OSTKP security blockchain. OSTKP is also based on tZero's platform, according to the release.
The subsidiary is still waiting for federal regulators to weigh in on security tokens before launching the full platform, tZero president Joe Cammarata was quoted as saying.
That being said, he still believes the new platform is "making history," adding:
Stepping back, Overstock has been raising funds through its $250 million offering, as previously reported. The sale of "Simple Agreements for Equity" (SAFE) will continue until May 14, 2018, tZERO also said Monday.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.