Seasoned Senior Executive Joins Blockchain
Capital Markets Pioneer
tZERO, the global leader in blockchain innovation for capital
markets, announced today that Alan Konevsky has been appointed as
its Chief Legal Officer (CLO). Konevsky, who was most recently a
senior vice president at Mastercard, will oversee tZERO’s expanding
legal, regulatory, public policy and compliance functions.
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Alan Konevsky (Photo: Business Wire)
Konevsky will lead tZERO’s in-house legal team, and will report
to tZERO CEO, Saum Noursalehi. Konevsky and the team will drive
global regulatory initiatives, strategic transactions, product
development, commercial contracts, corporate governance, investor
relations, compliance, intellectual property, privacy,
cybersecurity, public policy and other critical aspects of the
company’s businesses and operations. Perhaps most significantly, he
will work closely with investors, clients and regulators on tZERO’s
recent Security Token Offering, tZERO’s advisory services business
and the partnership with BOX Digital Markets to launch of the
world’s first S.E.C.-regulated exchange for trading security
tokens. Konevsky and the team also expect to engage in thought
leadership and advocacy on topics critical to tZERO and its
ecosystem.
“Given Alan’s vast legal experience, we believe that his insight
will be a valuable asset for the problem solving required to create
the next generation of capital markets,” said tZERO CEO Saum
Noursalehi.
“We view Alan as a key member of our team, especially
considering the global perspective he has gained throughout the
course of his career,” added tZERO COO Ralph Daiuto. “As blockchain
continues to transform global finance at lighting speed, Alan will
lead our legal efforts to ensure that tZERO remains at the
forefront in an ever-changing environment.”
Konevsky was most recently the senior vice president, strategic
initiatives and technology counsel at Mastercard. Prior to joining
Mastercard, Konevsky was a managing director and senior counsel at
Goldman Sachs in London and, before that, special counsel at
Sullivan & Cromwell, an international law firm, in its London
and New York offices. He graduated magna cum laude from Harvard Law
School and summa cum laude from Columbia College, where he was
elected to Phi Beta Kappa, and has been recognized in New York
Super Lawyers and as a U.K. Young Deal Maker of the Year.
“I am thrilled to join the tZERO team at such an exciting
juncture in its history, particularly as we are working to launch
one of the world’s first regulated STO exchanges. I am looking
forward to working closely with policymakers, regulators, business
partners and other stakeholders in our ecosystem to create more
efficient and transparent capital markets with blockchain
technology,” said Konevsky.
tZERO was founded in 2014 with the goal of utilizing blockchain
technology to revolutionize Wall Street so that financial processes
could become less beholden to traditional institutional market
structures and the mischief and financial instability they have
been known, on occasion, to permit. tZERO is a portfolio company of
Medici Ventures, Overstock.com’s blockchain subsidiary. For more
information on tZERO, please visit: tZERO.com.
About tZERO
tZERO Group, Inc. (“tZERO“) is a majority owned subsidiary of
Overstock.com, focusing on the development and commercialization of
financial technology (FinTech) based on cryptographically-secured,
decentralized ledgers – more commonly known as blockchain
technologies. Since its inception, tZERO has pioneered the effort
to bring greater efficiency and transparency to capital markets
through the integration of blockchain technology.
About Overstock.com
Overstock.com, Inc. Common Shares (NASDAQ:OSTK) / Series A
Preferred (Medici Ventures’ tZERO platform: OSTKP) / Series B
Preferred (OTCQX:OSTBP) is an online retailer based in Salt Lake
City, Utah that sells a broad range of products at low prices,
including furniture, décor, rugs, bedding, and home improvement. In
addition to home goods, Overstock.com offers a variety of products
including jewelry, electronics, apparel, and more, as well as a
marketplace providing customers access to hundreds of thousands of
products from third-party sellers. Additional stores include Pet
Adoptions and Worldstock.com dedicated to selling artisan-crafted
products from around the world. Forbes ranked Overstock in its list
of the Top 100 Most Trustworthy Companies in 2014. Overstock
regularly posts information about the company and other related
matters under Investor Relations on its website,
http://www.overstock.com.
O, Overstock.com, O.com, Club O, Main Street
Revolution, and Worldstock are registered trademarks of
Overstock.com, Inc. O.biz and Space Shift are also
trademarks of Overstock.com, Inc. Other service marks, trademarks
and trade names which may be referred to herein are the
property of their respective owners.
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Such
forward-looking statements include all statements other than
statements of historical fact. Additional information regarding
factors that could materially affect results and the accuracy of
the forward-looking statements contained herein may be found in the
company's Form 10-Q for the quarter ended June 30, 2018, which was
filed with the SEC on August 9, 2018, and any subsequent filings
with the SEC.
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version on businesswire.com: https://www.businesswire.com/news/home/20181219005541/en/
Media:tZEROAlexandra Sotiropoulos,
+1-212-754-5615asotiropoulos@intermarket.com
Overstock.comOverstock Public Relations,
+1-801-947-3564pr@overstock.com
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