Wall Street’s Digital Token Broker tZERO Posts Record Growth
Overstock’s shares are up 8% following the announcement of record activity on its tZERO security token exchange.
Overstock’s shares have jumped by 8% following the release of new data regarding user and trading activity on the company’s tZERO alternative trading system (ATS) for security tokens.
An announcement published by tZERO on June 10 noted that May was the exchange’s strongest month on record, with 423,000 digital securities changing hands on the platform last month.
The spike in activity follows Overstock’s ‘digital dividend’ distribution — which saw one ‘OSTKO’ security distributed for every ten Overstock shares held by investors.
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