Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5.1 percent equity stake in blockchain banking startup Bankorus.
Overstock CEO Patrick Byrne electrified a crowd of institutional investors with his well-honed stump speech for blockchain's transformative potential.
Overstock's tZERO officially went live Thursday, allowing customers to begin trading the company's security token. Other digital assets will be added in future.
Investors who bought tZERO's security token in a sale last year are set to gain access to their holdings, the Overstock-backed trading platform said Thursday.
Overstock's tZERO won a patent last week detailing how it would integrate digital asset trading with legacy trading systems.
Medici Ventures, the blockchain investment arm of Overstock, is reassigning a top executive to focus on revenue generation at its most prominent portfolio company, tZERO.
Overstock.com plans to be the first major business to pay state taxes using bitcoin in Ohio.
The engagement could lead to the tokenization of up to $200 million worth of cobalt, which is used to make electric vehicle batteries, in 2019.
Overstock's blockchain arm, Medici Ventures, has big plans for 2019, as the e-commerce giant moves towards a February sale.
Overstock.com subsidiary tZero raised $134 million in its security token offering, the company said Thursday.
Overstock.com's token platform subsidiary tZero is officially closing its security token offering (STO) Monday night.
American retail giant Overstock.com's blockchain subsidiary is partnering with the Zambian government to build a blockchain land title registry.
Overstock announced its prototype trading platform on Monday, saying the full product would launch in May.
Overstock is pushing back against the idea an inquiry into its tZero ICO is part of a broader SEC effort to crackdown on poor industry practices.
Overstock.com blockchain subsidiary tZero has made a sudden change to the way it is conducting a significant step in its ongoing ICO.