tZERO's CEO Saum Noursalehi plans to expand the adoption of crypto, security tokens and mainstream trading with a one-stop-shop. But tZERO must be an approved retail broker-dealer in the United States to accomplish this goal. An approval, Mr. Noursalehi plans to achieve by the second quarter of 2020.
Mr. Noursalehi said in an interview, "tZERO plans to use its crypto wallet application to scale-up adoption for security token trading."
The Utah GOP convention, completed April 25th, picked their nominees for the June primary using Voatz, a blockchain election platform, as its official voting service. Medici Ventures, owned by Overstock.com, led the Start-up's Seed and Series A funding rounds. Voatz has been criticized for security flaws in previous election events. However, the Utah virtual state convention was Voatz's most significant trial yet and was completed successfully with a large turnout.
GrainChain, a blockchain-based platform for the agricultural industry supply chain, announced it had been honored as one of 18 finalists of Fast Company's 2020 World-Changing Ideas Awards in the Food category. Fast Company's awards recognize the businesses, policies, projects, and concepts that are actively engaged and deeply committed to climate crisis, social injustice or economic inequality.
tZERO, the blockchain subsidiary of online retailer Overstock.com, has raised $5 million via an equity stake sale.
Announcing the news on Tuesday, tZERO said Hong Kong-based private equity firm GoldenSand Capital (formerly known as GSR Capital) has bought the stake.
“tZERO is building the next generation capital markets platform, capable of tokenizing, trading and settling digital securities, and we are pleased to be joining them to further build this capability,” said Sonny Wu, chairman of GoldenSand Capital.
On April 16th, SpeedRoute, owned by tZero, announced it broke its monthly trading volume record because of increased trading volatility, handling billions of share transactions during March. The increased volume was from traditional security activity, typically equity and bond transactions, and not digital tokens, or digital securities. Saum Noursalehi, tZero’s CEO, believes this was proof that their smart order routing systems can handle surges in digital assets as well.
Overstock‘s (NASDAQ:OSTK) subsidiary tZERO has added support for the Tezos blockchain. Recently; Tezos has seen renewed interest in its public blockchain specifically from digital securities issuers. tZero is a digital asset platform and the addition of Tezos marks the first blockchain outside of Ethereum supported by the platform.
tZERO states that Tezos’ smart contracts offer institutional-grade security and an advanced technique used to mathematically prove properties of programs that require extreme proofs of correctness.
Vital Chain, a blockchain-based platform that digitizes birth and death certificates, has announced a partnership with the MetroHealth System. Vital Chain is majority-owned by Ownum.
MetroHealth is a sizeable hospital group and public health system supported, in part, by public funds. Based in Cleveland, Ohio, MetroHealth employs over 8000 individuals staffing four hospitals, over 20 health centers and 40 other sites in the Cleveland metropolitan market.
Medici Ventures, part of publicly-traded Overstock (NASDAQ:OSTK), will acquire an equity stake in Vital Chain via product development work it will undertake for the company, according to a company release.