TZERO to Offer Public Trading Starting Aug. 12, Expects Up To 50,000 Investors
Overstock subsidiary tZERO is scheduled to open trading options on its security tokens up to the public in four days.
Retail giant Overstock’s blockchain subsidiary company, tZERO, plans to allow the public to trade its security tokens in four days.
Saum Noursalehi, CEO of tZERO, shared the announcement with CoinDesk, per a report published on Aug. 8. According to the announcement, Aug. 12 marks the end of a one year lock period following the company’s 2018 token offering.
Noursalehi additionally commented that the company is expecting as many as 50,000 new investors, who have already bought Overstock shares, to begin trading their digital security tokens. Despite not seeing a large amount of registration by press time, Noursalehi said that investors are reaching out to learn more:
“We had a lot of broker-dealers, about 30 or 40, reach out to us that want to get involved in this ecosystem [...] We’re working on these requests. Investors have been sending questions as well. They are excited and they are trying to understand it.&rdquo