Tezos Blockchain To Be Used in Billion Dollar STO

BTG Pactual, the third largest investment bank in Latin America, and Dalma Capital, Dubai-based asset manager, will use the Tezos blockchain to launch security token offerings. The bank will “address a deal pipeline in excess of $1bn”.

Andre Portilho, the BTG’s Partner:

“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.”

In February 2018, BTG Pactual became the first major investment bank to officially launch a Security Token Offering (STO) with ReiBZ, a major Brazilian real estate agency. The token was launched using the Ethereum protocol, but will now be migrated to Tezos.

BTG and Dalma said they plan to tokenize a range of traditional and alternative investments on the Tezos blockchain, including projects with global sports clubs and equity and debt interests.

Equipped with functionality of smart contracts, Tezos is validated by proof-of stake and has on-chain governance, as opposed to the off-chain, proof-of-work model followed by Ethereum.

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