TZERO blockchain platform, a division of online retailer Overstock, has entered into an agreement with the investment company GSR Capital. Partners will jointly develop a token for cobalt sales, according to a press release .
It is expected that the launch of the token will be held in 2019. With the help of the coin, the partners intend to sell cobalt worth over $ 200 million.
tZERO and GSR Capital are also going to create an ecosystem for tokenized goods in Asia to simplify the process of buying and tracking rare mineral supply chains.
In addition, the company's plans include launching a platform of security tokens after obtaining permits from regulators.
Earlier, BlockchainJournal reported that CEO and Overstock founder Patrick Bern plans to sell the company's retail division early next year in order to focus on the development of blockchain projects.
Subscribe to the BlockchainJournal news in Telegram: BlockchainJournal Live – the entire news feed, BlockchainJournal – the most important news and polls.
BlockchainJournal.news
