tZero to accept KodakCoin 17 January 2018New York Reporter: Zsuzsa Szabo
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tZero has selected KodakCoin as the first third-party cryptocurrency to include on its soon-to-launch security token platform.
The cryptocurrency will be introduced later this quarter and will serve to bolster the recently announced KodakOne digital imagery platform.
tZero will also provide end-to-end advisory services, technology implementation and trading services for KodakCoin.
The Overstock鈥檚 blockchain subsidiary will include encryption of accounts, price quoting, clearing and reconciliation services, and anti-money laundering and know-your-customer verification.
Patrick Byrne, CEO of tZero, said: 鈥淎s US regulators seek securities-law compliant applications for companies issuing security tokens, the issuance and trading of KodakCoin in compliance with securities laws will empower entrepreneurs and protect photographers鈥� property and licensing rights, while achieving another critical step in defining a new wave of digital capital formation.鈥�
tZero is currently in a pre-sale period for its security token platform, which will run until 18 January.
A subsequent sale period will then run from 18 January until 16 February.
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