tZero Finally Launching Next Week

| Publish date: 01/20/2019
Share

tZero is deemed to be Overstock.com’s much-awaited security token trading platform. And finally, it will now go live by the end of next week. The official announced, according to reports, was made by none other than the CEO himself Patrick Byrne.

Hitting the Button

Byrne told the media that the company is all set up to launch everything and go live. However, they decided to move it next week in order to process more user signups. The executive clarified that by the end of next week, the highly anticipated trading platform will officially go live.

It is worth noting that Overstock took at least four years to make tZero a reality. Hence, for Byrne, it is a huge moment for them as a company.

Changelly - Exchange cryptocurrency at the best rate

The announcement basically suggests that tZero will be able to meet the timeline proposed by Jonathan Johnson, who is the president of Medici Ventures. The latter, in particular, is known to be Overstock’s venture fund and, at the same time, the trading platform’s very own parent company.

Johnson revealed in an interview that the company is expected to go live by January. However, at that time, he did not mention an exact date, leaving many users anticipating.

Brand New Leadership, Brand New Listing

Interestingly, tZero will be spearheaded by Steven Hopkins, who until recently is deemed the chief operating officer and general counsel at Medici. Basically, he will basically be the platform’s president. Now, the startup is on its way to find and hire two other executive positions. The first one would be the head of the issuance while the other would be the head of an in-house broker-dealer, which is said to serve the firm’s direct retail clients.

By essence, tZero will enable trading of its native token immediately at launching. Apparently, it is also working to around 60 different companies. Byrne, in a separate interview, said that the next token traded on the platform would be Elio Motors, which is a company producing light three-wheeled vehicles.

An Ambitious Effort

tZero is deemed a significant asset in Medici Ventures’ portfolio and is even considered an ambitious effort with a goal to disrupt all established security trading practices taking place on Wall Street. It turns out that this is the same narrative that Byrne has been trying to challenge since time immemorial. An epitome is his continuous battle against naked short selling.

It holds true that tZero will not go live until next week. However, the company has reportedly started laying all sorts of groundwork meant for the nascent security token market.

Share

Related Posts

As Crypto Regulations Continue to Clamp Down...
While US regulators have been focusing on the risks…
BTC Fans Delete Coinbase Accounts Follow Neutrino...
Everyone in the cryptocurrency space is aware of the…
Terra Classic (LUNC) Continues to Dip as...
While making profits in crypto is important, a project…

Leave a Comment