After the launch of Overstock’s cryptobond, which is a security based on blockchain technology, CEO Patrick Byrne shed light on Wall Street’s security loans. He pointed to research from DataLend indicating that about $954 billion in securities is typically on loan to some fund or another.
In other words, hedge funds and large investment firms don’t just buy and sell securities. They also borrow these from each other, possibly in order to short sell or […]
