Overstock Uses Security Tokens on Ravencoin (RVN) Blockchain for $3.6M DLT Investment

Overstock, one of the largest retailers in the United States, has deepened its involvement in the blockchain industry by utilizing a digital security for its latest investment, according to a company press release on Tuesday. The securities tokens, issued on the Ravencoin (RVN) network, were used for the acquisition of $3.6 million in the equity of Boston-based distributed ledger technology startup Chainstone Labs.

Overstock struck the deal via its crypto investment subsidiary Medici Ventures. The VC division, which announced an interest to purchase a 29% stake of Chainstone Labs in the third quarter of this year, completed the acquis…

This article appeared first on Cryptovest

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