Tezos secures $1B STO deal with major investment bank

04 Jul, 2019 | Updated: 04 Jul, 2019
by Fifi Arisandi
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Tezos secures $1B STO deal with major investment bank

Tezos secures billion dollar partnership with major investment bank in Latin America that just launched their Security Token Offering (STO) services. 

Good news comes from Tezos (XTZ) amidst the altcoins dip predictions from many traders and analysts.

Their technology will be used by one of the biggest investment banks in Latin America, Banco BTG Pactual S.A.

Together with Dubai-based asset management firm, Dalma Capital, the bank announced that they’ll be using Tezos Blockchain for their Security Token Offerings (STOs), including the ongoing REITBZ STO.

The financial institutions address a deal pipeline in excess of $1 billion for existing and prospective token issuances through the use of the new platform for digital securities transactions.

Last February, BTG Pactual announced the launch of STO, making them the first major bank ever to offer such services.

“It has since successfully launched and exceeded the soft cap of the real estate backed token on the Ethereum protocol,” so the announcement wrote.

“We see Tezos as one of the critical protocols for the burgeoning STO market, and look forward to securing future deal flow on the Tezos blockchain,” said Zachary Cefaratti, CEO of Dalma Capital.

Speaking about the partnership, billionaire Tim Draper who is also Tezos' major stakeholder said, “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.”

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