t0 Platform Successfully Employed in the World’s First Public Issuance of a Blockchain Equity

Overstock.com (NASDAQ:OSTK) have issued shares that are the first in history able to trade on an alternative trading system (ATS) utilizing distributed ledger technology. Financial technology company t0.com announced the successful implementation and production level use of its distributed ledger technology-based platform in the issuance of a registered security.
As quoted in the press release:

Equity transactions generally settle three days after trade date, or T+3. By contrast, trades executed through the t0 (t-zero) platform, settle on trade date, or T+0, a fact that gives rise to t0’s name. Same day settlement has long been the aim of both investors and securities exchanges.
“The efficiencies that blockchain technology introduces to securities trading and settlement are so significant, it makes their eventual broad-based adoption inevitable,” said t0 President and securities trading expert Joe Cammarata. “It’s exciting to be on the leading edge of this wave of fintech innovation. We look forward to applying our technology to a very broad range of asset classes and stages in the trade lifecycle.”

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