t0.com, Inc. further expands its presence and range of services in global financial ecosystem with the acquisition of Blue Ocean Technologies

Creates Blue Ocean Technologies, LLC to offer U.S. securities trading after close of U.S. capital markets

SALT LAKE CITY, 2017-Jan-18 — /EPR Retail News/ — Financial technology firm t0.com, Inc., has formed Blue Ocean Technologies, LLC after acquiring the assets of Singapore-based Blue Ocean Financial Technology, Pte. Ltd. The addition of Blue Ocean Technologies to the t0 portfolio of companies further expands the fintech leader’s presence and range of services in the global financial ecosystem.

“Blue Ocean Technologies will provide investors in the rapidly growing Asian region with an avenue to execute U.S. equities during their usual business hours,” said t0 President Joe Cammarata. “This concept is the first of its kind, and has already attracted the attention of several large market-making clients to provide daily liquidity within our platform.”  The newly-formed Blue Ocean Technologies will offer the first transparent, electronic marketplace for trading U.S.-listed securities during non-U.S. trading hours. This electronic marketplace creates a new opportunity for firms, traders, and investors to manage risk and take advantage of opportunities created outside of U.S. regular trading hours. Also, foreign investors will have after-hours access to the full capabilities of the U.S. capital markets, which make up the second largest class of investments across Asia and Europe (behind country-specific home markets), while allowing for U.S.-based traders to track off-hours market movement and react accordingly.

Cammarata also noted that Blue Ocean’s dedication to pricing transparency and reporting the overnight trades to the Blockchain makes it a good fit for t0 and its development of blockchain-based technologies, which puts great emphasis on radical transparency.

“This partnership affords us the opportunity to work with t0, a company on the cutting edge of securities technology,” said Blue Ocean Financial Technology CEO and Blue Ocean Technologies managing member, Greg Shinnick. “Additionally, the relationship allows for a broader sphere of access and reach, which is crucial to expanding the emerging global securities marketplace.”

Blue Ocean will operate as a Division of PRO Securities, LLC, Member: FINRA & SIPC.  PRO Securities, is another wholly owned subsidiary of t0.com, Inc., and is an approved Alternative Trading System. The PRO Alternative Trading System recently supported the world’s first public issuance of a blockchain equity in Overstock.com’s successful rights offering utilizing t0’s distributed ledger technology-based platform.

About t0
t0.com, Inc. (pronounced tee-zero) is a majority owned subsidiary of Overstock.com, focusing on the development and commercialization of financial technology (fintech) based on cryptographically-secured, decentralized ledgers – more commonly known as blockchain technologies. Since its inception, t0 has pioneered the effort to bring greater efficiency and transparency to capital markets through the integration of blockchain technology. More information is available at t0.com.

About Medici Ventures
Launched in 2014, Medici Ventures is a wholly owned subsidiary of Overstock.com, Inc., created to manage and oversee the company’s investments in firms building solutions leveraging and servicing blockchain technologies. Medici project companies include: t0, PeerNova, Bitt.com, SettleMint and Identity Mind.

Media Contact:

Mark Delcorps
(801) 947-3850
pr@overstock.com

Source: Overstock.com/globenewswire

Overstock.com: t0.com successfully used bitcoin blockchain to record evidence of compliance with SEC Regulation SHO before a trader can engage in a short-sale

t0.com Completes Another Successful Production Beta Test of Its Software

SALT LAKE CITY, 2015-10-17 — /EPR Retail News/ — t0.com, a majority-owned subsidiary of Overstock.com, Inc.(NASDAQ:OSTK) today announced it successfully completed another production beta test of its t0 software, by successfully using the bitcoin blockchain to record evidence of compliance with SEC Regulation SHO before a trader can engage in a short-sale. When fully operational, a platform operating the t0 software and the information being recorded on the blockchain, will bring unprecedented levels of transparency and fairness to the otherwise opaque world of stock lending.

“The blockchain is the most important financial development of our lifetimes,” said t0.com CEO Patrick M. Byrne. “While others theorize about the innovations this new technology can usher in, t0 is taking action and proving the concept daily, including using it to crack open the notoriously inaccessible black box of securities lending. This is further evidence of the world-historical potential of distributed, cryptographically secured ledgers.”

According to Byrne, “When up and running, each Pre-borrow Assured Token will provide the purchaser a valid locate satisfying the SEC’s Regulation SHO requirements. These tokens will be auctioned nightly in a Dutch auction using t0 software and the transaction will be recorded on the blockchain. In the process, the arcane world of stock loan receives sunlight.”

Earlier this week, hedge fund Clique Fund, LP, participated in the testing to purchase locates for all 30 Dow Jones Industrial Average stocks.

“As I have said publicly ad nauseam, I have no objection in principle with short selling when done legally,” said Byrne. “Our introduction of the Pre-borrow Assured Token will solve a problem for the beneficial owners, by bringing their inventory into a transparent market; it will solve a problem for the short seller, who will be able to borrow in a transparent market; and it will solve a problem for regulators, who for several years have taken a more aggressive stance regarding this mischief than they did a decade ago, I feel obliged to acknowledge. Unfortunately, a few bad apples spoil the barrel. That barrel needs a good scrubbing, and that’s what our Pre-borrow Assured Token will do.”

Access to t0.com’s Pre-borrow Assured Tokens (PAT), when available, will be limited to qualified institutional buyers that are also qualified purchasers. This media release is neither an offer to sell nor the solicitation of an offer to buy PATs or any other securities, and there shall not be any offer to sell, solicitation of an offer to buy or sale of PATs in any jurisdiction in which, or to any person to whom, such an offer, solicitation or sale is unlawful. Any offers of the PATs will be made only in accordance with applicable securities laws.

For additional information and to join the Pre-borrow Assured Token waiting list, email inquiries@t0.com.

About t0.com
t0.com is an assumed name for Medici, Inc., which is a majority-owned financial technology subsidiary of Overstock.com, Inc. (NASDAQ:OSTK). Overstock is an online shopping retailer based in Salt Lake City, Utah that sells a broad range of products at low prices including furniture, rugs, bedding, electronics, clothing, and jewelry. Overstock’s OLabs department is the emerging businesses incubator for financial services and other initiatives.

Media Contact:
Kirstie Burden, Overstock.com, Inc.
+1 (801) 947-3116
kirstie@overstock.com

Investor Contact:
Mark Harden, Overstock.com, Inc.
+1 (801) 947-5409
mharden@overstock.com