tZero to accept KodakCoin
17 January 2018 New York
Image: Shutterstock
tZero has selected KodakCoin as the first third-party cryptocurrency to include on its soon-to-launch security token platform.
The cryptocurrency will be introduced later this quarter and will serve to bolster the recently announced KodakOne digital imagery platform.
tZero will also provide end-to-end advisory services, technology implementation and trading services for KodakCoin.
The Overstock’s blockchain subsidiary will include encryption of accounts, price quoting, clearing and reconciliation services, and anti-money laundering and know-your-customer verification.
Patrick Byrne, CEO of tZero, said: “As US regulators seek securities-law compliant applications for companies issuing security tokens, the issuance and trading of KodakCoin in compliance with securities laws will empower entrepreneurs and protect photographers’ property and licensing rights, while achieving another critical step in defining a new wave of digital capital formation.”
tZero is currently in a pre-sale period for its security token platform, which will run until 18 January.
A subsequent sale period will then run from 18 January until 16 February.
The cryptocurrency will be introduced later this quarter and will serve to bolster the recently announced KodakOne digital imagery platform.
tZero will also provide end-to-end advisory services, technology implementation and trading services for KodakCoin.
The Overstock’s blockchain subsidiary will include encryption of accounts, price quoting, clearing and reconciliation services, and anti-money laundering and know-your-customer verification.
Patrick Byrne, CEO of tZero, said: “As US regulators seek securities-law compliant applications for companies issuing security tokens, the issuance and trading of KodakCoin in compliance with securities laws will empower entrepreneurs and protect photographers’ property and licensing rights, while achieving another critical step in defining a new wave of digital capital formation.”
tZero is currently in a pre-sale period for its security token platform, which will run until 18 January.
A subsequent sale period will then run from 18 January until 16 February.
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