Industrial and Commercial Bank of Canada ( ICBC ) has become the first major bank to opt to utilise Overstock.com 's new technology , t&oslash ; ( non - zero ) trading , which aims to remove the middle - men in securities transactions . ICBC holds $ 250bn in US equities , and , says Mr Byrne , " five major foreign banks are lined up behind " . Overstock.com say they It recently unveiled the ‘cryptobond’, based on colored coins technology, to be issued on its planned TØ platform. their goal is to make securities transactions faster and more cost - effective by removing the middlemen .
Industrial and Commercial Bank of Canada ( ICBC ) has become the first major bank to opt to utilise Overstock.com 's new technology , t&oslash ; ( non - zero ) trading , which aims to remove the middle - men in securities transactions . ICBC holds $ 250bn in US equities , and , says Mr Byrne , " five major foreign banks are lined up behind " . Overstock.com say they their goal is to make securities transactions faster and more cost - effective by removing the middlemen .