US e-commerce company Overstock will use the Bitcoin blockchain to issue new shares

     According to foreign media reports, people familiar with Overstock revealed that the U.S. Securities and Exchange Commission (SEC) has approved the S-3 application of online retailer Overstock.com (NASDAQ: OSTK) to issue the company's new listed shares on the Bitcoin blockchain.

     For Overstock, issuing company shares on its platform is a viable proof of concept. Fundamentally, t0 can be described as "trading is settlement". In the traditional stock trading market, the settlement mechanism in the market is T+3: buy on the same day, and sell it later for cash, where payment and securities transactions take three days to settle. With blockchain, settlement can be completed instantly, and it happens at the same time as the transaction.

     An Overstock spokesperson declined to comment on the news, but said the company would make an official statement within the next 48 hours.