Online retailer Overstock has filed for permission to issue US$500m in stocks using distributed blockchain technology.
Approaching the Securities and Exchange Commission (SEC) of the United States, Overstock has filed a prospectus , a document normally used as a disclosure document for prospective share buyers, detailing the way in which the company plans to issue these crypto-based stocks. “[These] shares would be uncertificated and represented exclusively as book-entries on a cryptographically-secured distributed ledger. Digital securities […]
