tZERO and BOX Digital will be sharing economic ownership and board representation equally. The former will power the technology required to create and operate the joint venture, as well as manage the ongoing technology implementation, administration, maintenance and support.
“We will work closely with the SEC to create a framework for the safe and efficient trading of security tokens and our joint venture with tZERO marks a significant step that brings us ever closer to creating the industry’s first regulated exchange for security tokens,” said Fall. “With BOX’s experience in building and operating a sophisticated equity options marketplace and tZERO’s industry leading blockchain technology, we have brought together our organizations’ combined expertise to create a more efficient capital market that will benefit traders and issuers.”
Patrick Byrne, CEO of Overstock.com and Executive Chairman on tZERO, said: