The security token exchange subsidiary of e-commerce retail giant Overstock, tZero, has started releasing control of its tokens, according to a letter to investors released on Jan. 11.
Last August, the subsidiary had announced that its security token offering would close, having raised $134 million out of the maximum amount of $250 million previously specified. In June 2018, tZero had also signed a letter of with investment company GSR Capital for the purchase of $160 million in tZero Security Tokens.