Overstock’s TØ announces partnership with Keystone Capital

Announcements | September 20, 2016 By:

Overstock subsidiary announced its partnership with Keystone Capital Corporation, a securities broker dealer located in San Diego, in a first public issuance of blockchain equities.

“It’s no secret that Overstock’s own financial technology subsidiary, TØ, has been working on a blockchain version of Wall Street, and that Overstock desires to demonstrate its system by issuing a security of its own on the technology it is creating. Keystone Capital has aligned with us in this historic effort,” said Overstock CEO Patrick M. Byrne.

Under the license agreement with TØ, Keystone Capital will provide brokerage services for market participants seeking to trade blockchain securities. TØ technology will allow investors to create digital trading accounts with Keystone upon commencement of Overstock’s issuance subscription period, to be announced.

“We are very excited to be a part of this cutting-edge opportunity. Everyone speaks about using blockchain technology, but very few are actually making it happen. We are also thoroughly enjoying working with such a talented group of technologists on the t0 team,” said Steven Capozza of Keystone Capital.