Hong Kong based GSR Capital is investing $ 160 million in Overstocks cryptocurrency venture the exchange TZERO The news is promptly overstocks share price by 12.5percent
Through its tZero exchange, a majority owned subsidiary Overstockplans to bring "efficiency and transparency" to capital markets. tZERO recent joint venture agreement with BOX digital markets will create what is the first regulated security token exchange
LETTER OF INTENT
tZERO is currently running a Security Token Offer to fund the project GSR Capitals planned investment, in the form of a letter of intent
to $ 160 million worth of TZERO tokens, has led to TZERO extending the private funding round of its STO to August 6th 2018 tZERO tokens are currently available in the private sale at $ 10.00 per token
According to a news release overstock 1,000 buyers from 30 countries are investing in the token sale
Patrick Byrne, Overstock ocom Founder and CEO and Executive Chairman of TZERO reached out to the private investors
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Great sir nice post
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