Economics

Overstock Unit Starting an Exchange for Digital Coin Trading

  • Securities tokens traded will be SEC compliant, company says
  • CEO Byrne expects all securities to be tokenized in time

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The digital token market may be about to become a little bit more like Wall Street.

tZero, a subsidiary of online retailer Overstock.com Inc., is joining with Argon Group and RenGen LLC to form a digital tokens exchange that Overstock Chief Executive Officer Patrick Byrne said will be the first in compliance with Securities Exchange Commission and Financial Industry Regulatory Authority guidelines.