Hong Kong-based private equity firm GSR Capital will invest a total of US$374.55 million in e-commerce retailer Overstock, with US$270 million to be allocated for its blockchain subsidiary tZERO, according to the company’s announcement. GSR will own an up to 18% stake in tZero as part of the deal, leading to a post-money valuation of US$1.5 billion for tZero. A majority owned subsidiary of Overstock.com, tZero focuses on the development and commercialization of fintech based on cryptographically-secured, decentralized ledgers – more …

Hong Kong-based PE Firm GSR Capital To Invest $270M In Blockchain Subsidiary tZero appeared first on China Money Network.