Latest Overstock News

  • Tokenized Real Estate Hasn’t Lived Up to the Hype: Property Researcher
    Tokenized Real Estate Hasn’t Lived Up to the Hype: Property Researcher
    Despite early hype, real estate tokenization has failed to garner significant momentum, leading some to question its future viability. As the initial coin offering (ICO) boom subsided and the 2018 crypto bear trend began to set in, many analysts predicted that security tokens may drive the next market cycle — with the vast capital locked in the real estate sector being eyed hungrily for tokenization. However, with the Bitcoin halving, Ethereum 2.0, and the emergence of DeFi capturing the imagination of crypto markets recently, real estate tokenization is no longer the flavor of the month, and some are questioning its viability. Real estate tokenization in 2017/2018 In an article in The Investor, director of global research at real estate service company JLL, Matthew McAuley, stated: “It’s been very slow going with blockchain in real estate, despite it being touted as a game-changer for a number of years now.” The first property sale settled using cryptocurrency happened in 2017 when a $60,000 dollar apartment in Ukraine’s capital of Kiev was purchased by TechCrunch founder Michael Arrington using Ether via the Propy platform.  The following year, 2018, the momentum continued with ‘Aspen Coin’ distributing tokens representing $18 million in fractionalized ownership in a five-star, 179-room resort in Colorado.
  • Overstock's Blockchain Ventures Booming in Q2
    Overstock's Blockchain Ventures Booming in Q2
    Recent second quarter financial reports show big growth for Overstock — the same quarter the company gave its security token to investors as a dividend. Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019. "Total net revenue was $783 million, an increase of 109% year over year," a public statement said on July 30.
  • SBI Moves Into Security Tokens as Secondary Markets Pump
    SBI Moves Into Security Tokens as Secondary Markets Pump
    Japanese financial giant SBI Holdings has acquired a 10% stake in Nomura’s digital security platform Boostry. Major Japanese financial services company SBI Holdings now owns a 10% stake in the digital security offering platform Boostry. The news follows the signing of a memorandum of understanding between Nomura Research Institute — a joint venture of Boostry’s majority-owner Nomura Holdings — and SBI.
  • tZERO Platform Sees 1,500% Growth, Lists ASPEN Token
    tZERO Platform Sees 1,500% Growth, Lists ASPEN Token
    As real estate security tokens grow in popularity, tZERO has partnered with Aspen Digital to support trade in a five-star resort-backed token. Leading security token exchange tZERO has partnered with Aspen Digital Inc.