$10 Million Blockchain Loan

Wired reports Clique hedge fund made a $10 million loan with a smart contract on the blockchain.

Through a new operation it calls TØ.com, online retailer Overstock.com andits freethinking CEO, Patrick Byrne, have built a system for issuing, buying, selling, and even borrowing stocks and bonds on the blockchain. On Tuesday morning, Clique Fund, a hedge fund based in New York City, used this system to borrow shares in the 30 stocks that make up the Dow Jones Industrial Average.

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