GoldenSand Capital Completes its tZERO Equity Investment
April 21 2020 - 8:30AM
Business Wire
tZERO, the global leader in blockchain innovation for capital
markets, today announced that GoldenSand Capital (formerly known as
GSR Capital), a private equity firm based in Hong Kong, has
completed its $5 million equity investment in tZERO.
tZERO CEO Saum Noursalehi stated, “GoldenSand Capital
understands the value of tZERO and its mission to introduce greater
efficiency and transparency to capital markets by leveraging
blockchain and smart contract technology. We are excited to
continue working with GoldenSand Capital to achieve this
mission.”
Overstock CEO Jonathan Johnson added, “tZERO is the crown jewel
of Medici Ventures’ global keiretsu of companies. This investment
validates tZERO’s vision of revolutionizing capital markets by
creating a robust ecosystem that is powered by blockchain
technology.”
GoldenSand Capital Chairman Sonny Wu said, “tZERO is building
the next generation capital markets platform, capable of
tokenizing, trading and settling digital securities, and we are
pleased to be joining them to further build this capability. We
plan to continue to collaborate with tZERO on strategic
opportunities and are interested in partnering our wealth of
industry connections across Asia with tZERO’s tokenization protocol
technology. Our portfolio of digital assets, including GoldenSand
Bank, are the low-hanging fruits for synergistic partnerships with
tZERO.”
tZERO is a technology firm that was founded with the goal of
utilizing distributed ledger and smart contract technology to
revolutionize 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).
About tZERO
tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of
Overstock.com, focusing on the development and commercialization of
financial technology (FinTech) enhanced with
cryptographically-secured, decentralized ledgers – more commonly
known as blockchain technologies. Since its inception, tZERO has
pioneered the effort to bring greater efficiency and transparency
to capital markets. For more information on tZERO, please visit:
https://www.tzero.com/.
tZERO 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, and does not provide any brokerage services. tZERO takes no
part in the negotiation or execution of secondary market
transactions for the purchase or sale of securities and at no time
has possession of investor funds or securities in connection with
such transactions.
About GoldenSand Capital
GSR Ventures & GSR family of funds was co-founded by Sonny
Wu and Richard Lim in 2005.
In 2017, GSR was split into three independent teams, with
GoldenSand Capital focusing on the investment thesis of “Building
World Class New Industries”.
The spirit of "GoldenSand River" is that of a magical river
eternally flowing towards the Yangtze River and symbolizing
GoldenSand Capital’s firm commitment towards "innovation" and
"investing to build future industries" to serve the world with New
Industries, New Cities and New Finance.
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version on businesswire.com: https://www.businesswire.com/news/home/20200421005107/en/
tZERO Media Contact Alexandra Sotiropoulos,
+1-347-293-1416 pr@tzero.com
Investor Contact Michael Mougias, +1-347-293-1248
ir@tzero.com
GoldenSand Capital info@gsrcapital.com
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