Overstock.com to Take the Bitcoin Blockchain Public in ‘Matter of Weeks’

According to a report from Wired, the Securities and Exchange Commission (SEC) has approved the online retail giant Overstock's plan to issue securities via the Bitcoin blockchain. This is the first-of-its-kind approval from the regulatory authority that might completely alter the way how public securities are issued and traded in the future. Overstock had earlier issued private securities using the blockchain which did not require the authority's approval. The blockchain is a public ledger of transactions; however, it can also be used to record data of anything including stocks, real....

The US Securities and Exchange Commission (SEC) has reportedly approved Overstock's plans to issue stock via the blockchain through its subsidiary tØ platform. According to Wired, the company was granted an amended Form S-3 - a requirement solely for companies that report under the Securities Exchange Act of 1934 - meaning that it could now issue public securities leveraging blockchain technology. It is still unclear when the company will issue its first public security on a distributed ledger but Patrick Byrne, Overstock's CEO, told Wired: "You can assume its high on our list of....

Overstock.com’s blockchain-based trading startup, TØ, has announced its partnership with the Keystone Capital Corporation. The collaboration marks the first public issuance of blockchain equities. Keystone Capital and TØ’s Public Blockchain Equities. On September 14, Overstock’s TØ was selected by Keystone Capital Corporation to use its blockchain....

The Securities and Exchange Commission (SEC) has approved Overstock.com's plan to issue company stock via a blockchain-based technology, according to Wired. Overstock has already used the block chain to issue private bonds, which do not require regulatory approval. The SEC has approved an amended Form S-3 which would enable the company to issue securities using block-chain-based technology. Patrick Byrne, CEO of Overstock, was to announce the news at a San Francisco, Calif. bitcoin conference Tuesday evening. Byrne told Wired the date of issuing a public security on the blockchain is high....

On Tuesday morning at the Money 20/20 Conference in Las Vegas, Patrick Byrne, CEO of Overstock and t0, announced the historic arrival of trading publicly offered Overstock shares on the t0 blockchain. Overstock Moving Forward With t0. Starting on December 15th, individuals who purchased Overstock shares by the November 7th record date will qualify to purchase shares of its preferred stock, including preferred shares to be issued and traded exclusively on the t0 platform. As such, Overstock will become the first company to legally trade a publicly listed security on a blockchain solution.....