Patrick M. Byrne Archives

Overstock Subsidiary tZero Begins Live Trading Of Its Security Tokens

Announcements, News | January 25, 2019 By: David Pimentel

Overstock’s security token trading platform subsidiary tZERO has announced that the secondary trading of its security tokens is now live.

tZERO, which raised $134 million from over 1,000 global investors during its highly publicized security token offering (STO) last year, said that accredited investors will now be able to trade tZERO security tokens with other accredited investors through a digital securities brokerage account.

Overstock To Pay Ohio Commercial Activity Taxes In Bitcoin

News | January 4, 2019 By: Maricel Custodio

Retail giant Overstock has announced that it will pay a portion of its Ohio state business taxes in bitcoin using the state’s new crypto tax portal.

In November 2018, Ohio created a crypto portal – OhioCrypto.com – that allows businesses to pay taxes in bitcoin.

Overstock Subsidiary tZero, GSR Capital Partner To Develop Commodity Contract Token

Blockchain, News | December 18, 2018 By: Maricel Custodio

Overstock’s subsidiary tZERO has partnered with Hong Kong-based private equity firm GSR Capital to develop a smart contract token that will be utilized for an upcoming sale of cobalt.

tZero is company focusing on the development and commercialization of financial technology based on blockchain technologies.

Overstock Subsidiary Medici Ventures Announces Beta Launch Of Bitsy Crypto Wallet

Announcements, News | November 9, 2018 By: Maricel Custodio

Medici Ventures, the blockchain branch of retail giant Overstock, has announced that its portfolio company Bitsy.com will launch a beta version of its exchange and wallet service on November 12.

Bitsy is a Utah-based company building a blockchain-based bridge between fiat and cryptocurrencies.

Overstock Subsidiary Medici Ventures Invests $6M USD In Crypto Social Network Minds

News | October 25, 2018 By: Maricel Custodio

Medici Ventures, the blockchain branch of retail giant Overstock, has invested $6 million in decentralized social network Minds.

Founded in 2011, Minds is an open-source social network that rewards users with crypto tokens for their contributions to the network.

Overstock Subsidiary tZero Completes Issuance Of Preferred Security Tokens

Announcements, News | October 17, 2018 By: David Pimentel

Overstock’s subsidiary tZERO has completed the distribution of its own security token.

tZERO, a Security and Exchange Commission compliant alternative trading system (ATS), raised $134 million in its security token offering (STO) in August of this year, where over 1,000 global investors participated.

Overstock Subsidiary Medici Ventures Invests In Wine-Tracking Blockchain Startup VinX

Blockchain, Investing, News | October 5, 2018 By: Maricel Custodio

Medici Ventures, the blockchain branch of retail giant Overstock, has announced a strategic investment in a blockchain startup VinX, which is developing a blockchain platform to streamline wine futures trading.

VinX is building a token-based digital wine futures platform based on the Bordeaux futures model that will enable thousands of wineries to streamline funding by selling wine futures and developing direct connections with their consumers.

Overstock Founder Patrick Byrne Purchases 43% Of Blockchain Firm Medici Land Governance

Blockchain, Investing, News | September 26, 2018 By: Maricel Custodio

Patrick Byrne, founder and CEO of retail giant Overstock, has purchased 43 percent of Medici Land Governance (MLG), a blockchain portfolio company of Overstock subsidiary Medici Ventures. The financial terms of the deal were not disclosed.

Founded in 2018,

Overstock Subsidiary Teams With Zambia For Blockchain Titling

Blockchain, News | August 1, 2018 By: David Pimentel

Medici Land Governance (MLG), a subsidiary of retail giant Overstock, has teamed with the government of Zambia to provide a land governance program that collects and secures property ownership information using blockchain.

MLG is the 14th portfolio company in Medici Ventures,