Overstock’s Subsidiary tZERO Launches its Second Digital Security OSTKO

  • It is being reported that Dinosaur Financial Group will serve as the broker-dealer for this entire setup.
  • Only those users possessing a securities brokerage account with Dinosaur will have the option to facilitate/execute trades.

A spokesperson for tZERO — a US-based blockchain firm — recently announced his company’s decision to release its second security offering called the ‘Digital Voting Series A-1 Preferred Stock’ on its SEC registered trading system (PRO Securities ATS).

The aforementioned offering has been listed as OSTKO and has been made available on a ‘non-exchange venue’ that has been bolstered by support from tZERO’s security token trading technology.

In regards to this entire development, Saum Noursalehi — CEO of tZERO — was quoted as saying:

“This is a key step in the drive to attract additional assets, such as private companies, real estate, debt instruments, and commodities,”

  • All issues related to clearing and custody will be handled by a firm called ETC (Electronic Transaction Clearing).
  • Similarly, the transfer agent for the entire project is Computershare.

In closing out this piece, it should be pointed out that Overstock — tZERO’s parent company — was the first mainstream financial entity to issue a SEC-registered digital security (back in 2016)

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide