Bitcoin tech approved as a way to issue shares

“For the first time, the US Securities and Exchange Commission (SEC) is allowing a company to issue public shares using the technology behind Bitcoin. The honor went to Overstock, which was also the first retailer to accept Bitcoins from the public for purchases. It built its own crypto-currency tech via a subsidiary called T0 (T-Zero), and uses open-source Colored Coins to issue stock in the form of ‘blockchains,’ a type of electronic ledger. Overstock plans to license the tech to other public companies, and company CEO Patrick Byrne told Wired that it ‘can do for the capital market what the internet has done for consumers.'”

Source: Bitcoin tech approved as a way to issue shares

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