The Short STOry

tZero updates their investors -- and it's not all a happy update


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tZero [1] -- the subsidiary of Overstock who is one of the most active players in the STO market -- just updated their investors, and whilst this do not make a particularly happy reading it provides good insights into what is, and is not, happening in the STO market at the moment [2,3]. This comes after a very positive update only in June [4], and might be related to real estate tokenisation not delivering as expected [5].
1. https://www.tzero.com
2. https://www.businesswire.com/news/home/20200729005299/en/tZERO-CEO-Saum-Noursalehi-Update-Company-Progress
3. https://www.coindesk.com/tzero-jobs-salaries-gears-another-funding-round
4. https://thetokenizer.io/2020/06/14/tzero-delivers-record-results-in-may-2020/
5. https://cointelegraph.com/news/tokenized-real-estate-hasnt-lived-up-to-the-hype-property-researcher
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The Short STOryBy Stefan Loesch