tZERO, the global leader in blockchain innovation for capital markets, raised $5m in equity funding.
GoldenSand Capital (formerly known as GSR Capital), a private equity firm based in Hong Kong, made the investment.
Led by CEO Saum Noursalehi, tZERO is a technology firm that was founded with the goal of utilizing distributed ledger and smart contract technology to innovate Wall Street so that it is more efficient, accessible and transparent. tZERO is a keiretsu company of Medici Ventures, the blockchain subsidiary of Overstock.com, Inc. (NASDAQ:OSTK). It is not a registered broker-dealer, funding portal, underwriter, investment bank, investment adviser or investment manager, and is not providing brokerage, investment banking or underwriting services, recommendations or investment advice to any person.