Overstock's TZero CEO, Saum Noursalehi: Next Generation Capital Markets Is Here

Video length: 00:17:44

Kiana Danial, CEO of Invest Diva, sat down with tZero CEO, Saum Noursalehi to see how tZero is aiming to be the next generation capital markets. With a tech background and a degree in Computer Science, Saum Noursalehi started as a Software Developer at Overstock.com back in 2005 and over the years would climb the ranks until he became President in 2016.

Overstock's tZero Follows the Path of its Parent Company

Overstock.com (Nasdaq: OSTK) was one of the first companies to accept crypto as a currency.

The company got a lot of exposure when they first integrated bitcoin as payment.Saum says he was interested in AI and blockchain, but really thought he would move towards AI.With the current trend in crypto Saum was given an opportunity to run a new project that would later call itself the global leader in blockchain innovations, he couldn’t pass that up.With Saum as the CEO, the Founder of Overstock would go on to also found tZero in 2018.

tZero spent last year working on getting its platform built and will spend this year getting quality tokens and/or assets trading on the platform.Saum says they have some strong deals in the pipeline, but don’t see cryptocurrencies as their main event. Blockchain-based securities will be a focus with any asset that qualifies as securities welcomed.Blockchain technology is still relatively in its early stages, the infrastructure is getting stronger, and Saum says it’s ripe to disrupt a lot of markets.

Overstock.com's Stock (OSTK) Took a Hit in "Crypto Winter"

Being one of the first retail companies to accept cryptocurrencies as a payment, Overstock.com's stock greatly appreciated during the crypto bubble of 2017.

However, it took a hit from two directions later on. First, its competitor, Amazon, took no prisoners in the retail category. Then, the burst of the Bitcoin bubble took any advantages away from Overstock.com. But now, it seems like things may be changing.

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Dave Schneider 1 year ago Member's comment

I think I'm in love!