Overstock introduction
American e-commerce giant Overstock used blockchain technology to subvert the Wall Street capital market. As early as 2014, it became the world's first large-scale retail enterprise to accept bitcoin payments. In December 2015, Overstock was officially approved by the SEC to trade and settle newly listed stocks on its blockchain securities trading platform TZero, becoming the first licensed blockchain securities trading platform. In August 2017, Overstock announced that it would cooperate with ShapeShift to further accept almost all mainstream cryptocurrencies as payment methods, greatly promoting the acceptance of digital currencies. As an industry pioneer, Medici, a venture capital company under Overstock, has established a dedicated investment portfolio since 2014, focusing on blockchain technology development in capital markets, financial services, digital certification, voting, property rights, and mortgage compliance. To become an incubator for excellent blockchain projects. Overstock once stated in a US SEC filing that a warrant holder had just purchased $100 million worth of stock in the company. According to CEO Patrick Byrne, the funding was actually provided by the Quantum Fund, managed by billionaire George Soros.
