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Stock impact report

ICO Market Transformed by ATS Security Token Joint Venture Forged by tZERO, RenGen and the Argon Group

Overstock.com, Inc. (OSTK) 
Last overstock.com, inc. earnings: 11/12 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.overstock.com
Company Research Source: GlobeNewswire
SALT LAKE CITY, Sept. 27, 2017 (GLOBE NEWSWIRE) -- tZERO, a subsidiary of Overstock.com, Inc. (NASDAQ:OSTK),  RenGen LLC and the Argon Group today announced an exclusive joint venture that teams the market-leading strengths of each company to launch an Alternative Trading System (ATS) that will transform the trading of security tokens issued in Initial Coin Offerings (ICO) in compliance with SEC and FINRA regulations (Joint Venture). This rapidly emerging asset class of blockchain-based digital tokens has raised more than $2 billion so far this year (per Coindesk.com’s ico-tracker) and cryptocurrencies overall (including digital tokens) have a current market cap of $137 billion (per Coinmarketcap.com), making this a huge growth industry. Digital tokens and cryptocurrencies are also changing the face of emerging growth company financing. In the first half of this year, more money was invested in fintech through cryptocurrencies than through venture capital (over $1.2 billion, per CNB Show less Read more
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