Retailer Overstock Will Issue Company Stock on TØ Blockchain Platform
Retail giant Overstock has announced that it plans to issue company stock on its TØ.com blockchain platform. The announcement was made today at the 41st Annual International Futures Industry Conference. According to a release announcing the endeavor, Overstock revealed that it would allow shareholders to purchase its stock on TØ.com, just as it would and does on traditional platforms. The name TØ.com implies that trades in the financial system are security settled the same day, as opposed to the current settlement system which spans three days, or as Wall Street traders refer to as “T+3.”....
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