Overstock's Medici acquires stake in blockchain banking startup

posted 2 months ago
Medici Ventures, the blockchain investment arm of Overstock, has acquired a 5% equity stake in blockchain banking startup Bankorus. Overstock said Bankorus’ blockchain platform allows individuals and institutions to “securely” buy, sell, store and lend digital assets.

Jonathan Johnson, president of Medici Ventures said “Bankorus has built a revolutionary blockchain banking platform that dovetails nicely with Medici Ventures’ goals of eliminating middlemen, democratizing capital, and rehumanizing commerce by helping individuals access and control their own digital assets.”
Tags: blockchain, news