Subscribe to Our Newsletter
Saturday May 21, 2022
Bitcoin (BTC) $29,462.00   Ether (ETH) $1,980.62
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Token Offerings/Listings

tZERO signs LOI with GSR Capital for security token investment of $160 million

Published by CryptoNinjas.net
06/29/2018
tZERO’s security token sale hits next phase after $100 million presale

tZERO, the global leader in blockchain innovation for capital markets, today announced the signing of a letter of intent (LOI) with GSR Capital (GSR), a private equity firm organized under the laws of Hong Kong, to participate in tZERO’s security token offering (STO).

In accordance with the LOI, GSR will purchase USD $160 million in tZERO security tokens pursuant to the Simple Agreement for Future Equity (SAFE). The purchase price per Security Token will be $10.00. To accommodate the investment from GSR, tZERO’s STO has been extended to August 6, 2018.

As of June 28, 2018, tZERO has entered into executed SAFEs in excess of $168 million for Security Tokens, of which over $95 million has been already funded. Approximately 1,000 people from 30 countries participated in the token sale, making it one of the most widely held security tokens globally. tZERO will continue to accept investments in the STO on a first-come, first-served basis until the August 6 expiration of the STO.

[perfectpullquote align=”full” bordertop=”false” cite=”tZERO CEO Saum Noursalehi” link=”” color=”” class=”” size=”16″] “We are overwhelmed by the support we have received from all of our investors and thrilled to have GSR on our team as we seek to launch the world’s first security token exchange. This investment from GSR further validates tZERO’s strategy to introduce blockchain to capital markets, and this partnership will accelerate our global expansion efforts.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”tZERO Executive Chairman, and CEO and Founder of tZERO parent company Overstock.com Patrick M. Byrne ” link=”” color=”” class=”” size=”16″]”I want to thank our strategic investors again for their continued support, as well as the tZERO team for their ingenuity in making a preferred equity security token possible. Years ago we saw the world-shaking potential of blockchain, and since then we have been methodical in building tZERO into a company that will bring great efficiency and transparency to capital markets domestically and abroad. I truly believe what we are doing is historic and, while there is still much to be done, our success in this STO has given us the resources we need to see it through.”[/perfectpullquote]

Proceeds from the tZERO security token sale will be used, among other things, to build out securities trading functionalities supporting the recently-announced joint venture with BOX digital Markets to launch a regulated security token exchange. Additionally, funds will be used to bolster the human capital and talented team at tZERO and allow for further international expansion in the future.

45
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Alliance Investments plans to tokenize UK real estate on Tezos

10/29/2019
Alliance Investments plans to tokenize UK real estate on Tezos

Alliance Investments, a direct-to-developer real estate investment company, today announced its plans to tokenize £500 million of real estate projects across the UK over the next several years. The first project set for tokenization...

Read more

Ravencoin (RVN) added as third token on tZERO crypto app

08/20/2019
Ravencoin (RVN) added as third token on tZERO crypto app

tZERO, the blockchain technology company for capital markets, through its tZERO Crypto unit, announced today its plans to offer to investors using both iOS and Android devices the ability to trade Ravencoin (RVN) on...

Read more

Non accredited investor can now trade tZERO security tokens

08/12/2019
Tzeroblockchaindinasour

tZERO, the blockchain technology subsidiary of Overstock.com, announced today that its preferred equity security tokens (TZROP), which were issued in a private placement in August 2018, and which have been traded by accredited investors...

Read more

tZERO gets patent for tech enabling trading systems to be anchored on blockchain

08/06/2019
Tzerhl

tZERO, the blockchain technology subsidiary of Overstock.com, announced today it was awarded a patent by the U.S. Patent and Trademark Office for the Time Ordered Merkle Epoch (TOME) methodology. TOME is a base-layer technology...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

Volume on BitMEX Spot Exchange surpasses $10M in 24 hours since launch

05/19/2022
Oracle network for Algorand blockchain Algoracle closed $1․5M seed round

Decentralized oracle network for Algorand blockchain Algoracle closes $1․5M seed round

05/18/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version