Private Hong Kong investment company GSR Capital, which on December 15 last year and February 28 this should have closed a deal with the operator of the platform security token and tZero to invest in the project $404 million, reduced the amount of funding to $100 million in the deal there is another investor – a Singaporean company Makara Capital, one of the key partners GSR Capital, and the agreement would be implemented no earlier than mid-April pending approval of regulators.
According to the prisoner between the parties the agreement of intent, GSR and Makara acquire common shares of a subsidiary of the blockchain-the company of online retailer Overstock for $100 million, and then will be able to produce on the platform of its own security tokens.
Recall that in the tZero were planning to develop for GSR token based smart contract for use in the sales of cobalt.
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