Online retailer Overstock has received approval from the US Securities and Exchange Commission (SEC) for its S-3 filing to issue publicly traded shares on the Bitcoin blockchain, according to a report by Bitcoin Magazine.
Overstock recently filed an S-3 form, which permits it offer up to $500 million of common stock, preferred stock, depositary shares, warrants, debt securities or combination, which could all be in the form of digital securities.
In its application, Overstock acknowledges that there are risks associated in trading the digital securities.
Overstock notes in the form that these digital securities will be:
…uncertificated securities, the ownership and transfer of which are recorded on a cryptographically-secured distributed ledger system using technology similar to (or the same as) the distributed ledger technology used for trading digital currencies…
http://allcoinsnews.com/2015/12/09/overstock-gains-approval-from-sec-on-filing-for-500m-in-digital-securities/
Topic: [2015-12-9]Overstock Gains SEC Aproval on Filing for $500M in Digital Securities (Read 219 times)
December 09, 2015, 12:06:24 AM
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