NYC Hedge Fund Borrows $10M in Stock Via the Bitcoin Blockchain

Thanks to Overstocks's system project t0.com, you can have an instant settlement system for issuing, buying, selling, and even borrowing stocks and bonds on the blockchain.

http://www.wired.com/2015/10/hedge-fund-borrows-10m-in-stock-via-the-bitcoin-blockchain/

Quite interesting, in theory it eliminates some limitations we have in the trading process today.

True, it eliminates many unnecessary middlemen, lowers costs, increases speed, allows for transparency and accounigtblity of trades. I'm going to contacting their management team to see how they're dealing with the legal environment. Its a gray area because Bitcoin is a commodity but using it to trade socks brings their activity into SEC territory.