Overstock is opening up trading on its security token market, tZERO, to retail investors starting next week.
The digital dividend, Series A-1, will be paid in a ratio of 1:10 to the company's common stock.
tZERO plans to launch its own mobile trading app for buying and selling bitcoin and, possibly, ether.
A long-awaited capital infusion for Overstock and its tZERO security token platform has been delayed again – and significantly downsized.
Overstock's CEO says he expects volumes on the recently launched tZERO platform to soar after the market opens to retail investors in August.
Daily trading volume on the recently launched tZERO platform is less than 1% the total supply of the only listed security token.
Overstock has promoted Joel Weight to chief operating officer of Medici Ventures, the company's blockchain venture fund.
The tZERO security token trading platfrom will go live next week, says Overstock.com CEO Patrick Byrne.
Bitsy, a Medici Ventures portfolio firm, wants to spur crypto adoption with the launch of an ultra-simple, beginner-friendly wallet.
Bitt, a Barbados-based blockchain payment startup, has received a $3 million investment from Overstock's Medici Ventures.