Overstock Blockchain Subsidiary, tZERO Appoints New Officials to Manage its Goal

Overstock’s blockchain subsidiary, tZERO announced Wednesday, new appointments to aid the management team with its growth plans and business objectives.

The appointed officials are Brooke Navarro as Head of Issuance, Michael Mougias as the Head of Investor Relations, and Alexandra Sotiropoulos as appointed Head of Communications.

According to the CEO at tZERO, Saum Noursalehi, “Brooke will drive the strategic development of our security token ecosystem by focusing on the supply-side of the equation — working with issuers to bring more quality assets to the PRO Securities ATS.”

Brooke Navarro, who is the former managing director of Investment Banking at Barclays, will now assist tZERO in raising new capital through security token offerings (STOs) or tokenizing their existing cap tables to facilitate secondary liquidity and other objectives. 

While Navarro will also help explore strategic partnerships that will result in scale adoption of tZERO’s technology, Michael Mougias, former Head of Investor Relations at IMAX Corporation will spearhead the development and execution of tZERO’s investor relations strategy.

“These appointments are vital to our long-term strategy,” the CEO, Saum Noursalehi added.

Founded in 2014, tZERO is the blockchain subsidiary of Overstock.com Inc, an American internet retailer giant with headquarter in Midvale, Utah.

tZERO was established with the goal of utilizing the distributed ledger technology to revolutionize Wall Street, in order to ensure that financial processes will become less beholden to traditional institutional market structures, as well as enhance market integrity.

Coinfomania reported that tZERO’s parent company, Overstock, reached a partnership with the Zambian Ministry of land and natural resources, on the bid to foster blockchain and systematic land governance development.

The development saw the signing of a Memorandum of Understanding (MoU) between the Zambia ministry of land and natural resources, and the Medici Land Government, a subsidiary of Overstock, to develop platforms to support collection and easily secured property ownership of information in Zambia.