t0 (“tZERO”), the blockchain focused Overstock.com subsidary announced January 11th, 2018 a partnership with security token specialists Polymath in an advisory capacity. Polymath will advise on the design, distribution and economic model of t0’s security token, to be issued with applicable securities laws. Proceeds from the upcoming t0 ICO, beginning February 16th and targeting accredited US investors, will help fund a regulated trading platform for security tokens.
Trevor Koverko, CEO of Polymath, said in a statement, “tZERO is on the precipice of disrupting Wall Street as we know it. Our goals are similar—to create a thriving security token industry and allow companies and investors greater access, transparency and efficiency to an emerging token economy. We are excited to work with tZERO to provide ongoing consultation and support to the build out and distribution of the tZERO token, which will be a preferred equity token for tZERO.”