kaal:claim:3411110-005

Overstock.com issued the first SEC registered digital securities using blockchain technology, and because the issuer was a public company conducting a shelf registration, the offering functions as a working model of blockchain benefits and as a map of the U.S. regulatory gaps.

Source quote, verbatim

OSTK issued the first Securities and Exchange Commission ("SEC") registered "digital securities" that utilizes blockchain technology.

From

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), II. Overstock Blockchain Securities Offering, p. 6
https://ssrn.com/abstract=3411110 · source PDF

Cite as

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

Holds when

U.S. registered public offering
shelf registration structure

Classification

empiricalsupport: evidencedsecurities-lawlaw-and-legal-systems

Verify

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