US retail giant Overstock has sold a $5m "cryptobond" to FNY Managed Accounts, a New York-based trading firm.
The sale is part of a proof of concept from the Utah-based e-tailer showcasing how financial instruments can be digitized and traded on cryptographic distributed ledgers such as the bitcoin blockchain. Overstock first began accepting bitcoin in January 2014 and has since been one of the ecosystem’s most active public advocates.
The project was first announced in […]
