Overstock CEO Patrick Byrne has unveiled his company’s long awaited blockchain-based private and public equities trading platform tØ; Symbiont has issued the first Smart Securities on the Bitcoin blockchain, and more top stories for August 5.
Overstock Unveils Blockchain Trading Platform tØ
Overstock CEO Patrick Byrne has unveiled tØ at the headquarters of the major US stock market NASDAQ in New York today. The announcement marked the formal debut of tØ, Overstock’s long awaited blockchain-based private and public equities trading platform.
Explaining the larger goals of the new platform, Byrne said:
“We built a platform and we’re launching tØ.com, where the trade is the settlement. That’s the big disruptive idea, the entry is both the trade and the settlement, it doesn’t have to be a separate process.”
Symbiont Issues Securities on the Bitcoin Blockchain
Meanwhile, Symbiont has issued the first Smart Securities on the Bitcoin blockchain. Symbiont’s live platform allows institutions and investors to issue, manage, trade, clear, settle and transfer a range of financial instruments more efficiently on decentralized and distributed peer-to-peer financial networks that are cryptographically secured.
Mark Smith, CEO and co-founder of Symbiont, said:
“We are proud to be on the leading edge of this blockchain and distributed ledger movement […]