Bed Bath & Beyond to acquire Tokens.com

Bed Bath & Beyond is acquiring blockchain financial infrastructure firm Tokens.com to enter the real-world asset (RWA) tokenization business, Cointelegraph reported. The financial terms of the deal were not disclosed. Tokens.com is set to become a subsidiary of Bed Bath & Beyond and will serve as the operational infrastructure for the company's broader blockchain initiatives. Bed Bath & Beyond previously filed for bankruptcy protection in 2023 and wound down its U.S. retail operations. Its brand name and intellectual property were later acquired by Overstock in a bankruptcy auction.