Gibraltar Stock Exchange Subsidiary Partners With Tokenization Platform

Hashstac, a subsidiary of the Gibraltar Stock Exchange Group (GSX Group), has partnered with Singapore-based technology company STO Global-X to facilitate the issuance of tokens. The development was announced by the Gibraltar Blockchain Exchange (GBX) on April 5.

GSX Group’s subsidiary Hashtacs Inc. and STO Global-X will jointly launch an integrated Tokenized Securities Exchange product that will purportedly allow stock exchanges and other qualified financial institutions to tokenize assets and boost trading,

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Investors in Overstock Crypto Subsidiary Reduce Investment from $404 Mln to $100 Mln

Chinese investment firm GSR Capital and Singaporean private equity firm Makara Capital will co-lead an investment of up to $100 million in tZERO, according to a press release on March 1. TZero is United States retail giant Overstock’s crypto-related subsidiary company.

Overstock founder and CEO Patrick Byrne revealed that GSR and Makara have signed a Memorandum of Understanding (MoU) to make the investment in tZERO’s common stock in April.

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Overstock Subsidiary Partners With Zambian Gov’t on Blockchain Land Registry

Zambia has signed a Memorandum of Understanding (MoU) with the blockchain land registry subsidiary of American retail giant Overstock, the company revealed in a press release July 31.

Under the agreement, Overstock’s Medici Land Governance (MLG) will work with the Zambian government on overhauling land ownership, allowing rural landowners to legitimize their estates and gain access to the financial world.

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