Industrial and Commercial Bank of China (ICBC) has become the first major bank to opt to utilise Overstock.com's new technology, t&oslash; (T-zero) tokens, 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". co-founder Johnny Tabacco, who announced that all attendees are receiving a kit containing a secure link entitling them to $25 in bitcoin. Overstock.com say they will use their tokens for a range of financial services, including asset management, investment banking, wealth management and insurance.
Industrial and Commercial Bank of China (ICBC) has become the first major bank to opt to utilise Overstock.com's new technology, t&oslash; (T-zero) tokens, 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 will use their tokens for a range of financial services, including asset management, investment banking, wealth management and insurance.