Overstock is All Set to Offer tZERO Security Token Market Trading Option of STOs


  • According to tZERO’s CEO, the company is expecting more than 50k new investors to signup for their latest offering.
  • Early last month, the firm filled out roles for three freshly created managerial positions.

As per an all new announcement made earlier today by Saum Noursalehi — the CEO of tZero — the firm will soon be allowing its customers with the option of trade its native security tokens.

In this regard, Saum claims that his company is expecting a total of 50,000 new investors to sign up for the new offering. On the subject, he was quoted as saying:

“We had a lot of broker-dealers, about 30 or 40, reach out to us that want to get involved in this ecosystem […] We’re working on these requests. Investors have been sending questions as well. They are excited and they are trying to understand it.”

As things stand, there are only two tokens available (for trading purposes) on tZERO’s existing platform. One is an equity offering called TZEROP while the other is Overstock’s digital voting series A-1 preferred stock.

For those of our readers who may not be aware, tZERO has been providing its clients with token trading services since the start of 2019. However, the option was previously limited to only accredited investors.

The aforementioned investors were given an offer to buy/sell security tokens via a broker-dealer operator called ‘Dinosaur Financial Group’.

Last month, the folks over at tZERO announced via the company’s official website that the firm had brought on board a total of three new managers (to take care of a variety of matters related to company’s supply management, strategic market positioning and stakeholder relations.)

 

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