WASHINGTON, DC – APRIL 17: Chairman of the board for Overstock.com Jonathan Johnson speaks to … [+] members of the media in front of the U.S. Supreme Court April 17, 2018 in Washington, DC. The Supreme Court heard oral arguments today in South Dakota v. Wayfair, regarding whether states can collect sales taxes on purchases from out-of-state online retailers. (Photo by Alex Wong/Getty Images)
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tZERO, announced today, that GoldenSand Capital (formerly known as GSR Capital), a private equity firm based in Hong Kong, has completed its $5 million equity investment in tZERO.
tZERO CEO Saum Noursalehi stated, “GoldenSand Capital understands the value of tZERO and its mission to introduce greater efficiency and transparency to capital markets by leveraging blockchain and smart contract technology. We are excited to continue working with GoldenSand Capital to achieve this mission.”
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CEO Jonathan Johnson added, “tZERO is the crown jewel of Medici Ventures’ global keiretsu of companies. This investment validates tZERO’s vision of revolutionizing capital markets by creating a robust ecosystem that is powered by blockchain technology.”
However, this investment represents only part of a larger investment that was stated at the end of 2018 and then altered in 2019.
Mr. Noursalehi said in an interview with me that the original letter of intent was inflated because of the Bitcoin and ICO hype, at the time. “The $5 million represents a small equity stake in tZERO, but its strategic possibility in the Asian-Pacific region is important for our growth.”, he said.
GoldenSand Capital explained, in the statement, that their collaboration with tZERO will help connect new strategic partnerships across Asia with tZERO’s tokenization protocol technology.
Recently SpeedRoute, owned by tZero, announced it broke its monthly trading volume record because of increased trading volatility, handling billions of share transactions during March. The increased volume was primarily from traditional security activity, typically mainstream equity and bond transactions, and not digital tokens, or digital securities. Mr. Noursalehi believes this was proof that their smart order routing systemsare primed to take on future surges in digital assets as well.
tZERO is owned by Medici Ventures, the blockchain subsidiary of Overstock.com.
TORONTO – Canada’s main stock index was up more than 200 points in late-morning trading, while U.S. stock markets were also headed higher.
The S&P/TSX composite index was up 205.86 points at 24,508.12.
In New York, the Dow Jones industrial average was up 336.62 points at 42,790.74. The S&P 500 index was up 34.19 points at 5,814.24, while the Nasdaq composite was up 60.27 points at 18.342.32.
The Canadian dollar traded for 72.61 cents US compared with 72.71 cents US on Thursday.
The November crude oil contract was down 15 cents at US$75.70 per barrel and the November natural gas contract was down two cents at US$2.65 per mmBTU.
The December gold contract was down US$29.60 at US$2,668.90 an ounce and the December copper contract was up four cents at US$4.47 a pound.
This report by The Canadian Press was first published Oct. 11, 2024.
TORONTO – Canada’s main stock index was little changed in late-morning trading as the financial sector fell, but energy and base metal stocks moved higher.
The S&P/TSX composite index was up 0.05 of a point at 24,224.95.
In New York, the Dow Jones industrial average was down 94.31 points at 42,417.69. The S&P 500 index was down 10.91 points at 5,781.13, while the Nasdaq composite was down 29.59 points at 18,262.03.
The Canadian dollar traded for 72.71 cents US compared with 73.05 cents US on Wednesday.
The November crude oil contract was up US$1.69 at US$74.93 per barrel and the November natural gas contract was up a penny at US$2.67 per mmBTU.
The December gold contract was up US$14.70 at US$2,640.70 an ounce and the December copper contract was up two cents at US$4.42 a pound.
This report by The Canadian Press was first published Oct. 10, 2024.
TORONTO – Canada’s main stock index was up more than 100 points in late-morning trading, helped by strength in the technology and base meta sectors, while U.S. stock markets also climbed higher.
The S&P/TSX composite index was up 106.70 points at 24,179.21.
In New York, the Dow Jones industrial average was up 280.87 points at 42,361.24. The S&P 500 index was up 26.51 points at 5,777.64, while the Nasdaq composite was up 69.52 points at 18,252.44.
The Canadian dollar traded for 73.08 cents US compared with 73.22 cents US on Tuesday.
The November crude oil contract was down 67 cents at US$72.90 per barrel and the November natural gas contract was down eight cents at US$2.66 per mmBTU.
The December gold contract was down US$2.30 at US$2,633.10 an ounce and the December copper contract was down five cents at US$4.41 a pound.
This report by The Canadian Press was first published Oct. 9, 2024.
