{"id":134915,"date":"2018-05-22T14:00:33","date_gmt":"2018-05-22T18:00:33","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=134915"},"modified":"2021-08-22T06:46:57","modified_gmt":"2021-08-22T10:46:57","slug":"overstock-subsidiary-tzero-prepares-first-security-token-exchange-3","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/overstock-subsidiary-tzero-prepares-first-security-token-exchange-3","title":{"rendered":"Overstock Subsidiary tZERO Prepares \u2018First Security Token Exchange\u2019"},"content":{"rendered":"

In conjunction with Box Digital Markets, Overstock subsidiary tZERO is preparing to introduce the cryptoverse\u2019s inaugural security token exchange. The move continues tZERO CEO Patrick Byrne\u2019s push to bring innovation to capital markets\u2019 status quo.\u00a0<\/strong><\/p>\n

Also read:\u00a0Happy Bitcoin Pizza Day! With a 2018 Twist
\n<\/a><\/em><\/strong><\/p>\n

Join the\u00a0Bitsonline Telegram channel<\/a>\u00a0to get the latest Bitcoin, cryptocurrency, and tech news updates:\u00a0https:\/\/t.me\/bitsonline<\/a><\/strong><\/em><\/p>\n

First of a Kind<\/p>\n

Overstock\u2019s<\/a>\u00a0distributed ledger commercialization play tZERO<\/a> is teaming up with marketplace developer BOX Digital<\/a> to create the cryptocurrency ecosystem\u2019s first security token marketplace.<\/p>\n

The deal, arising from a May 18th letter of intent between the two companies, will see tZERO licensing out its security token trading software and providing cash infusions while BOX Digital\u2019s staff will a)<\/strong> operate the exchange and b)<\/strong> work toward securing required regulatory greenlights.<\/p>\n

The ownership of the exchange will be equally split between the two parties, \u201cwith each having equal representation on the Board of Directors, together with one mutually agreed upon independent director,\u201d per today\u2019s press release<\/a>.<\/p>\n

Token Trading Software Fine-Tuned Since April<\/p>\n

The exchange deal comes as some in the space are hailing security tokens \u2014 digitized crypto-assets that represent investor rights \u2014 as the next big thing, i.e. a potential multi-trillion USD market.<\/p>\n

It also comes as Patrick Byrne\u2019s tZERO has been hard at work on getting their security token trading software just right. The CEO noted as much in April, then hailing their software as being on the verge of completion pending \u201cuser feedback\u201d:<\/p>\n

We have been working hard on getting this prototype right and look forward to user feedback. https:\/\/t.co\/yP3Japbupj<\/a><\/p>\n

\u2014 Patrick Byrne (@OverstockCEO) April 9, 2018<\/a><\/p>\n

At that time, tZERO president Joe Cammarata projected the software would\u00a0\u201cbe ready to trade security tokens in May.\u201d In light of the new BOX Digital deal, then, tZERO\u2019s timeline has been on target.<\/p>\n

A video demoing the software<\/a> is currently available on the tZERO website.<\/p>\n

Security Token Talk All the Rage<\/p>\n

Is ether a security?<\/a> It\u2019s been a major question in the space recently, but a wider question is just how big will security tokens become in the cryptocurrency ecosystem?<\/p>\n

Huge according to some estimates. Tokenization pundit Anthony Pompliano even projects that \u201cevery\u201d U.S. security will soon be tokenized.<\/p>\n

Every current security is going to become \u201cdigitized\u201d via security token.<\/p>\n

The utility market is 9 years old, only $400B and shrinking. Security market will be in trillions within 3 years.<\/p>\n

Not even close.<\/p>\n

\u2014 Pomp (@APompliano) May 16, 2018<\/a><\/p>\n

Maybe, maybe not. But in an increasingly digital world, it makes sense that paper-based securities will eventually fall by the wayside compared to more liquid counterparts, e.g. crypto-assets.<\/p>\n

To that end, if security tokenization does become the rule and not the exception, it\u2019ll highlight cryptocurrency\u2019s ability to engender newer and more optimized versions of traditional financial assets.<\/p>\n

On the other hand, the need to be an accredited investor<\/a> \u2014 typically someone making more than $1 million USD in the U.S. \u2014 to invest in securities is at odds with the cryptoverse\u2019s decentralizing potential to make traditional economic and political structures more horizontal.<\/p>\n

Alas, tokenization is what we make it \u2014 whether that be optimizing traditional markets are pushing beyond them entirely.<\/p>\n

We Caught Up with Byrne at TNABC<\/p>\n

Weeks ago at the 2018 North American Bitcoin Conference in Miami, Bitsonline<\/em> caught up with Overstock and tZERO CEO Patrick Byrne, who told us there he intended to\u00a0<\/strong>\u201crefocus my life around this [blockchain] mission.\u201d<\/p>\n

If his forthcoming security token exchange is any indication, that mission is humming along according to plan.<\/p>\n

If you missed the interview, be sure<\/p>\n","protected":false},"excerpt":{"rendered":"

In conjunction with Box Digital Markets, Overstock subsidiary tZERO is preparing to introduce the cryptoverse\u2019s inaugural security token exchange. The move continues tZERO CEO Patrick […]<\/a><\/div>","protected":false},"author":654,"featured_media":134922,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\nOverstock Subsidiary tZERO Prepares \u2018First Security Token Exchange\u2019 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"In conjunction with Box Digital Markets, Overstock subsidiary tZERO is preparing to introduce the cryptoverse\u2019s inaugural STO exchange.\" \/>\n<meta name=\"robots\" content=\"max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overstock Subsidiary tZERO Prepares \u2018First Security Token Exchange\u2019\" \/>\n<meta property=\"og:description\" content=\"In conjunction with Box Digital Markets, Overstock subsidiary tZERO is preparing to introduce the cryptoverse\u2019s inaugural STO exchange.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-22T18:00:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-22T10:46:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2018\/05\/t0-both5-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1810\" \/>\n\t<meta property=\"og:image:height\" content=\"2048\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"William Peaster\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"William Peaster\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915\"},\"author\":{\"name\":\"William Peaster\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/7c22d01882c551fd6c38f9857e6e118b\"},\"headline\":\"Overstock Subsidiary tZERO Prepares \u2018First Security Token Exchange\u2019\",\"datePublished\":\"2018-05-22T18:00:33+00:00\",\"dateModified\":\"2021-08-22T10:46:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915\"},\"wordCount\":614,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2018\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915#primaryimage\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/134915\",\"name\":\"Overstock Subsidiary tZERO Prepares \u2018First Security Token Exchange\u2019 - 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