tZERO ATS, a broker-dealer which facilitates the secondary trading of digital security tokens, has partnered up with commercial real estate and finance platform Earn.re, according to a joint announcement on March 3. The partnership will allow commercial property issuers on Earn.re to provide extra liquidity for the trading of digital assets on tZERO ATS, subject to the platform’s due diligence. Earn supplies software solutions for the issuance of digital securities backed by real estate. Its users can employ blockchain technology to finance commercial real estate and create fractional shares of debt instruments and equity backed by real estate. tZERO CEO …

Online technology retailer Overstock is converting its blockchain investment wing into a blockchain-focused investment fund as it seeks to maximize profits amid the crypto boom. Overstock.com announced on Monday that its wholly owned blockchain-focused subsidiary, Medici Ventures, will become a limited partnership fund, pending legal and regulatory approval. Medici Ventures, which previously oversaw and managed Overstock’s investments in blockchain-related companies, will cease providing its usual services, which also included software development and design services. The fund is expected to run for eight years, with a capital commitment of $45 million. Third-party venture capital firm Pelion Ventures Partners will act as …

Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money. The ATS specializes in security tokens, consistently hosting more than 95% of the sector’s monthly trade volumes. tZERO saw dramatic growth in recent months, with monthly volume growing from less than $1 million in May to push $21.8 worth of trade in August — before sliding back to $9 million in September. Although tZERO’s net revenue increased 97% year-over-year to $11.1 million, Overstock's latest earnings report shows tZERO lost $12.4 million before taxes …

This article has been updated to clarify that Medici Land Governance will give technical training, not trading, to local workers in Liberia. Overstock.com subsidiary Medici Land Governance has signed a memorandum of understanding with Liberia to help the African nation digitize government services, a news release announced on June 10. The pro bono pilot project will explore how Liberia can strengthen its economy through blockchain and enhance interoperability between government departments. As well as strengthen the country’s capacity to generate revenues, the release notes that such infrastructure could reduce corruption. During the project, local workers in Liberia will also be …

Overstock takes steps toward issuing blockchain-secured stocks by purchasing a 25% stake in trading firm Pro Securities. Following their March application to the U.S. Securities and Exchange Commission (SEC) to issue US$500 million worth of blockchain-secured crypto stocks, Overstock has started securing the plan for the opening of their Medici stock market. By acquiring a stake in a trading firm, which is rumored to be valued at US$250,000, Overstock has lined up the “alternative trading system” needed to actually allow interested investors to purchase crypto stocks. Pro Securities is already registered with the SEC in this capacity, reducing the amount …