Overstock issues cryptobond for itself

[giant middle finger]

He wanted to be the first

Indeed he won't be the last

[cylonmaker2053]

this is awesome news for the crypto community and more so for us. we'll be big time when we have our first publicly traded firm issuing equity or debt on our platform.

[giant middle finger]

He wanted to be the first to do it legally.  From the release:

"FNY's HYDRATrade, its proprietary market access software, would integrate with Overstock's tØ.com cryptosecurities trading platform."

http://www.hydratrade.com/

They are paving the regulatory road for us to follow.  So, congratulations on not getting sued Pat.  ....yet

More from the release:

"Overstock also hinted at the complex regulatory process it expected to encounter when first launching its attempt to build a decentralized stock exchange last year, suggesting the US Securities and Exchange Commission (SEC) has not approved the offering.

Overstock intends to hold a launch party to celebrate the issuance at NASDAQ's New York headquarters this Tuesday."

[donkeypong]

I know this is historic, but it seems like they did it just for the sake of doing something. Snore...

http://globenewswire.com/news-release/2015/07/31/756843/10144107/en/Overstock-com-and-FNY-Capital-Conclude-5-Million-Cryptobond-Deal.html