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UPDATE 1-Overstock.com unit, BOX to launch security token exchange

* Companies will seek approval of SEC * BOX CEO will be chief executive of new venture (Adds details, background, byline) By Gertrude Chavez-Dreyfuss NEW YORK, May 22 (Reuters) – Overstock.com unit t0.com (tZERO)and BOX Digital Markets said on Tuesday they plan to launch a regulated exchange for security tokens.