Overstock’s tZERO Wins Patent for Integrating Crypto With Legacy Trading Tech

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© Reuters.  © Reuters.

Security token trading platform tZERO, a portfolio company of digital retail giant Overstock, has won a patent outlining how it may merge legacy trading systems with cryptocurrencies and digital asset tech.

Published Thursday by the U.S. Patent and Trademark Office, the patent describes a “Crypto Integration Platform” capable of combining market information from a variety of sources to determine best prices. The system would then “secure both the digital transactional items (i.e., the funds for a buy order and the digital assets or liabilities for a sell order)” before conducting the transaction.

These transactional items could include digital assets, liabilities, commodities, cryptocurrencies, tokens or cash.

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