tZERO Issues Preferred tZERO Security Tokens
Overstock.com, Inc. (OSTK)
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Source: GlobeNewswire
Blockchain Pioneer Completes Another Capital Markets Milestone NEW YORK, Oct. 16, 2018 (GLOBE NEWSWIRE) -- ?tZERO, the global leader in blockchain innovation for capital markets, today announced it has completed the issuance of preferred tZERO security tokens. Tokens were issued to investors who had fully funded signed agreements for future equity (SAFEs) prior to the August 6, 2018 close of the company’s Security Token Offering (STO). tZERO raised $134 million from over 1,000 global investors during its STO. “This is one of the first Security Token Offerings on a decentralized public network, and was conducted in full compliance with the U.S. securities laws,” said tZERO CEO Saum Noursalehi. “This is an exciting milestone for tZERO, and we are even more enthusiastic about the opportunities this will create for private and public companies wishing to raise capital through security token offerings, and for investors who wish to trade those securities.” tZERO deployed its tok
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