Crypto: Bed Bath & Beyond Inc. To Acquire Tokens.com In Tokenized Real...
The retailer plans to build a platform for tokenized real-world assets, expanding beyond e-commerce after its 2023 bankruptcy.
Bed Bath & Beyond has signed an agreement to acquire Tokens.com as part of a push into real estate finance and tokenized real-world assets, combining traditional financial products with blockchain-based infrastructure.
According to a company announcement on Monday, Tokens.com, a blockchain-focused financial infrastructure company, will be used to develop a platform focused on real estate finance, tokenized securities and other real-world assets (RWAs), integrating blockchain systems with regulated financial services.
Bed Bath & Beyond already owns or holds strategic stakes in blockchain businesses, including tZERO and GrainChain. Tokens.com will become a wholly owned subsidiary and is expected to rely on existing regulatory and operational infrastructure across the company’s blockchain businesses.
According to the announcement, the platform is expected to aggregate traditional and tokenized assets into a single interface, allowing users to view ownership, estimated values and available liquidity options, while supporting issuer-led tokenization, asset-backed lending and access to cryptocurrencies.
Capital markets functions, including tokenization, custody and trading, will run on tZERO, with mortgage and home-equity products provided through partners such as Figure Technologies.
The company said users accessing financing through the platform will be able to receive funds in cash or cryptocurrencies, including stablecoins. The platform is expected to become operational by mid-2026, subject to closing conditions.
Bed Bath & Beyond filed for Chapter 11 bankruptcy in April 2023 after years of declining sales and began liquidating its US retail operations. Following the bankruptcy, the Bed Bath & Beyond brand name and intellectual property were acquired by Overstock in a 2023 bankruptcy auction.
Overstock subsequently rebranded itself as Beyond Inc. and relaunched Bed Bath & Beyond as an online-focused business, according to Reuters.
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Source: CoinTelegraph
