Tezos Secures STO Deal Worth a Billion Dollars With BTG Pactual Investment Bank and Dalma Capital

  • The third-largest investment bank in Latin American — BTG Pactual — is all set to make use of Tezos’ blockchain network in order to launch a host of new security-token offerings.
  • Additionally, it bears mentioning that last year, BTG became the first major investment bank to issue its very own STO in conjunction with Brazilian firm ‘ReiBZ’.

As per an all new press release issued by the Tezos PR team recently, the firm has entered into agreement with Latin American investment bank BTG Pactual as well as Dubai-based asset manager Dalma Capital so as to launch various STOs (security token offerings) using Tezos’ native blockchain ecosystem.

In regards to the matter, a spokesperson for BTG was recently quoted as saying:

“[By facilitating this deal, we hope to] address a deal pipeline in excess of $1bn for existing and prospective token issuances,”

Also, at this point in the article, it is worth highlighting that BTG Pactual had previously entered into an agreement with ReiBiz to launch an STO last year (February 2018 to be exact). However, that offering was devised atop the Ether blockchain and now the firm wants to migrate to the Tezos network.

On the subject, Andre Portilho stated:

“While the bank remains protocol and technology agnostic, and will continue to utilize the Ethereum protocol, we see Tezos as a global player with a robust blockchain for asset tokenization,”

As part of this latest agreement, both BTG and Dalma plan on tokenizing a range of ‘traditional and alternative investments’ using the Tezos blockchain.

For those of our readers who may not be aware, Tezos has been described by its developer community as being a ‘self-amending blockchain/smart contract system’.

Additionally, it is worth pointing out that Tezos makes use of a proof-of-stake validation protocol (as well as an on-chain governance model).

In closing out this piece, we need to mention that over the years, the Tezos project has been referred to as the ‘Ethereum Killer’. Also, in relation to this latest deal, world-renowned venture capitalist Tim Draper was quoted as saying:

“We are excited to see BTG Pactual and Dalma Capital making use of the Tezos blockchain – we are believers in the Tezos project and see a strong use case for security tokens.”

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide