Overstock's tZERO raises $5 million in equity stake sale to GoldenSand Capital
Today internet retailer Overstock announced GoldenSand Capital, a private equity firm based in Hong Kong, has completed a $5 million equity investment in tZERO, Overstock’s blockchain subsidiary. tZERO previously raised $134 million in 2018 to build out its security token trading platform.
Why it matters:
- Security tokens have failed to gain any significant traction so far; however money continues to be invested into the space in anticipation of the trend changing.
- tZero recently collaborated with the Tezos Foundation to tokenize $643 million of U.K. real estate on the Tezos and tZero blockchains.
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