Difference between revisions of "Medici Ventures"

From CryptoMarketsWiki
Jump to: navigation, search
(Created page with "{{Cboe_adbox}} {{Infobox_Company <!-- Feel free to remove comments like this when you add real info --> | company_name = Medici Ventures Inc. | company_logo = Image:Mv_lo...")
 
 
(13 intermediate revisions by 2 users not shown)
Line 1: Line 1:
{{Cboe_adbox}}
+
{{#vardefine:rNum|{{#rand:1|2}}}}{{#switch: {{#var:rNum}} | 1 =  {{Cboe_adbox_Corporate_Bond_Futures}} | 2  = {{Cboe_adbox_RMC_Munich_2019‎‎}} }}
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
{{Infobox_Company  <!-- Feel free to remove comments like this when you add real info -->
 
| company_name = Medici Ventures Inc.
 
| company_name = Medici Ventures Inc.
 
| company_logo =  [[Image:Mv_logo_large.jpg]]
 
| company_logo =  [[Image:Mv_logo_large.jpg]]
| key_people =    Jonathan Johnson/President
+
| key_people =    Jonathan Johnson, President; Joel Weight, COO; Stanton Huntington, General Counsel
 
| foundation =    2014
 
| foundation =    2014
 
| location =      Salt Lake City, Utah
 
| location =      Salt Lake City, Utah
 
| employees =      <!-- Approx number of employees -->
 
| employees =      <!-- Approx number of employees -->
| products =      Venture Capital
+
| products =      Venture Capital Firm
| twitter =        https://twitter.com/medici_ventures
+
| twitter =        medici_ventures
 
| linkedin =      https://www.linkedin.com/company/medici-ventures/
 
| linkedin =      https://www.linkedin.com/company/medici-ventures/
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
 
| stocktwits =    <!-- StockTwits ID for the company, e.g. JohnLothian, or leave blank -->
| facebook =      /
+
| facebook =       
| homepage =      https://www.mediciventures.com/
+
| homepage =      [https://www.mediciventures.com/ Medici Home]
| press =         https://blog.bitmain.com/en/category/bitmain-news/
+
| press =        
| blog  =          https://www.mediciventures.com/blog//
+
| blog  =          [https://www.mediciventures.com/blog Medici Blog]
 
}}
 
}}
  
Medici Ventures is a fully owned subsidiary of [[Overstock.com]], which launched a [[ditributed ledger technology]] trading platform, [[tZERO]] in 2016. Medici Ventures focuses on investments in financial technology companies.<ref>{{cite web|url=https://www.mediciventures.com/companies/|name=THE FUTURE OF DISTRIBUTED LEDGER TECHNOLOGY|org=Medici Ventures|date=July 6, 2018}}</ref>  
+
Medici Ventures is a fully-owned subsidiary of [[Overstock.com]], which launched a [[distributed ledger]] technology trading [[platform]], [[tZERO]], in 2016. Medici Ventures focuses on investments in banking, capital markets, and financial technology companies as well as identity, land and voting enterprises.<ref>{{cite web|url=https://www.mediciventures.com/companies/|name=THE FUTURE OF DISTRIBUTED LEDGER TECHNOLOGY|org=Medici Ventures|date=July 6, 2018}}</ref>
 +
 
 +
==Overview==
 +
 
 +
On June 5, 2015, Overstock.com announced it would offer the “world's first cryptosecurity,” on its new t0 platform. The name t0 comes from the Wall Street jargon for bond settlements, which typically take three days (“t + 3”) to finalize. According to company statements, bond trades on t0 settle the same day.<ref>{{cite web|url=http://www.nasdaq.com/article/overstocks-t0-reconciling-fiat-currency-and-the-bitcoin-blockchain-cm555617|name=Overstock's t0: Reconciling Fiat Currency and the Bitcoin Blockchain|org=Nasdaq|date=January 25, 2019}}</ref>
 +
 
 +
In 2017 [[Patrick M. Byrne]], CEO of Overstock.com, announced a joint venture between Medici Ventures and Hernando de Soto, a notable economist to begin a new blockchain venture, causing a sharp spike in Overstock.com's stock value (OSTK).<ref>{{cite web|url=https://www.cnbc.com/2017/12/13/overstock-com-spikes-after-blockchain-unit-announces-for-profit-property-registry.html|name=Overstock.com shares spike after blockchain unit announces for-profit property registry|org=CNBC|date=January 25, 2019}}</ref><ref>{{cite web|url=https://www.coindesk.com/patrick-byrne-mulls-overstock-sale-to-fund-new-blockchain-venture/|name=Patrick Byrne Mulls Overstock Sale to Fund New Blockchain Venture|org=Coindesk|date=January 25, 2019}}</ref> This venture ended up being called tZERO.<ref>{{cite web|url=http://www.independent.org/aboutus/person_detail.asp?id=3867|name=Patrick M. Byrne|org=Independent Institute|date=January 25, 2019}}</ref> Later that year, he announced development of tZERO's [[DLR]], a financial technology that would be developed specifically to "curb naked short sales."<ref>{{cite web|url=https://www.coindesk.com/overstock-release-blockchain-product-curb-naked-short-sales/|name=Overstock to Release Blockchain Product to Curb Naked Short Sales|org=Coindesk|date=January 25, 2019}}</ref> Byrne announced in late 2017 that he plans on stepping away from his role at Overstock.com, selling or restructuring the company so that he could focus on developing tZERO full-time.<ref>{{cite web|url=https://www.cnbc.com/2017/12/14/overstock-com-ceo-aims-to-sell-or-reorganize-e-commerce-biz-so-he-can-focus-on-blockchain.html|name=Overstock.com CEO aims to sell or reorganize e-commerce biz so he can focus on blockchain|org=CNBC|date=January 25, 2019}}</ref><ref>{{cite web|url=https://www.coindesk.com/patrick-byrne-mulls-overstock-sale-to-fund-new-blockchain-venture/|name=Patrick Byrne Mulls Overstock Sale to Fund New Blockchain Venture|org=Coindesk|date=January 25, 2019}}</ref>
 +
 
 +
In January 2018 Medici Ventures announced that Byrne and economist Hernando de Soto joined Medici Ventures Board of Directors. Medici Ventures had earlier announced an investment in DeSoto Inc., which implements [[blockchain]] technology in a global property registry system meant to free up otherwise dead capital in large parts of the developing world.<ref>{{cite web|url=https://globenewswire.com/news-release/2018/01/16/1290066/0/en/Medici-Ventures-Adds-Hernando-de-Soto-and-Patrick-M-Byrne-to-Board-of-Directors.html|name=Medici Ventures Adds Hernando de Soto and Patrick M. Byrne to Board of Directors|org=Medici Ventures|date=January 25, 2019}}</ref>
 +
 
 +
In January 2019 Joel Weight, Medici's former CTO, became the company's COO. A week later, Medici's blockchain subsidiary, tZERO, launched.<ref>{{cite web|url=https://www.coindesk.com/overstock-blockchain-fund-shuffles-management-ahead-of-tzero-launch|name=Overstock Blockchain Fund Shuffles Management Ahead of tZERO Launch|org=Coindesk|date=January 25, 2019}}</ref>
  
 
== References ==
 
== References ==
 
<references />
 
<references />
| style="height:100px; width:100px; text-align:center;"| {{News}}
+
 
|}
 
 
[[Category: digital assets]]
 
[[Category: digital assets]]
[[Category: cryptocurrency]]
+
[[Category: fintech]]
[[Category: altcoins]]
+
[[Category: venture capital]]
[[Category: regulation]]
 

Latest revision as of 15:15, 30 May 2019

Medici Ventures Inc.
Mv logo large.jpg
Founded 2014
Headquarters Salt Lake City, Utah
Key People Jonathan Johnson, President; Joel Weight, COO; Stanton Huntington, General Counsel
Products Venture Capital Firm
Twitter @medici_ventures
LinkedIn Profile
Website Medici Home
Blog Medici Blog

Medici Ventures is a fully-owned subsidiary of Overstock.com, which launched a distributed ledger technology trading platform, tZERO, in 2016. Medici Ventures focuses on investments in banking, capital markets, and financial technology companies as well as identity, land and voting enterprises.[1]

Overview

On June 5, 2015, Overstock.com announced it would offer the “world's first cryptosecurity,” on its new t0 platform. The name t0 comes from the Wall Street jargon for bond settlements, which typically take three days (“t + 3”) to finalize. According to company statements, bond trades on t0 settle the same day.[2]

In 2017 Patrick M. Byrne, CEO of Overstock.com, announced a joint venture between Medici Ventures and Hernando de Soto, a notable economist to begin a new blockchain venture, causing a sharp spike in Overstock.com's stock value (OSTK).[3][4] This venture ended up being called tZERO.[5] Later that year, he announced development of tZERO's DLR, a financial technology that would be developed specifically to "curb naked short sales."[6] Byrne announced in late 2017 that he plans on stepping away from his role at Overstock.com, selling or restructuring the company so that he could focus on developing tZERO full-time.[7][8]

In January 2018 Medici Ventures announced that Byrne and economist Hernando de Soto joined Medici Ventures Board of Directors. Medici Ventures had earlier announced an investment in DeSoto Inc., which implements blockchain technology in a global property registry system meant to free up otherwise dead capital in large parts of the developing world.[9]

In January 2019 Joel Weight, Medici's former CTO, became the company's COO. A week later, Medici's blockchain subsidiary, tZERO, launched.[10]

References