Medici Ventures

Medici Ventures is a wholly-owned subsidiary of Overstock.com, established in 2014 to leverage blockchain technology in solving real-world problems with transparent, efficient, and secure solutions. The company has a global portfolio of companies introducing blockchain technology to industries such as identity, land governance, money and banking, capital markets, supply chain, and voting. Medici Ventures aims to democratize capital, eliminate middlemen, and re-humanize commerce by advancing blockchain technology.

The company's investment strategy involves identifying and supporting innovative companies that utilize blockchain to transform traditional industries. Medici Ventures has made strategic investments in companies like Bankorus, a blockchain banking platform, and Evernym, a leader in self-sovereign identity solutions. These investments align with Medici Ventures' mission to build a foundation of a technology stack for civilization based on trust systems utilizing blockchain technologies.

Medici Ventures' philosophy centers on the belief that blockchain technology can bring people closer together by eliminating the need for trust institutions to stand between them. By advancing blockchain technology, Medici Ventures aims to replace fear, suspicion, deception, and fraud with trust, confidence, and the ability to connect and transact freely with all people. The company's commitment to this vision is evident in its diverse portfolio and strategic partnerships, such as joining the Sovrin Alliance to promote the advancement of self-sovereign identity.