We could be looking at the next generation of capital market infrastructure.
At least, that is what Overstock hopes to prove, as its CEO Patrick Byrne explained to CoinDesk.
Together with ICO investment bank Argon Group and market makers RenGen, TØ – the capital markets arm of the retail giant’s blockchain subsidiary – has launched the first regulated exchange for digital tokens.
Under the watch of the SEC and the Financial Industry Regulatory Authority, the alternative trading system will offer a significant reduction in transaction costs, instant clearing and access to a growing market of innovative opportunities.
What’s more, rather than expend effort to convince regulators that a token is not a security, entrepreneurs can design liquid tokens that are investment products – and, in the process, perhaps bring structure to a chaotic digital token market, while giving it room to sustainably grow.
This is exciting times. Look how far we have come in the crypto world and I see no plans for this to ever stop. We can't let ourselves get down when we see that the market is low. Articles like this inspire me. We just need to practice patients. Just think in five years we all have the potential to influence the world. We may very well be the next elite.
Source: CoinDesk