Overstock Subsidiary Medici Ventures Completes $3.6M Equity Transfer With Security Token

News | December 19, 2018 By:

Medici Ventures, the blockchain branch of retail giant Overstock, has successfully completed an equity token transfer representing its equity ownership in FinTech firm Chainstone Labs.

Medici Ventures reortedly purchased a 29 percent stake in Chainstone Labs for $3.6 million. The digital security was issued by Chainstone Labs using the Ravencoin network,


Blockchain Property Registry In Development By Overstock CEO Patrick Byrne, Economist Hernando de Soto

Announcements, Blockchain, Innovation | December 14, 2017 By:

Overstock CEO Patrick Byrne has partnered with world-renowned economist Hernando de Soto to develop a blockchain-based property registry system to ensure the property rights of billions of people in the developing world.

Byrne is an American entrepreneur and e-commerce pioneer. In 1999, Byrne launched Overstock after leading two smaller companies,