RATE Group | Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos
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Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

20 Jul Latin America’s Biggest Investment Bank to Sell $1 Billion in STOs Using Tezos

Posted at 04:29h in Ethereum News by

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Latin America’s biggest investment bank, BTG Pactual, plans to shift its security token offerings (STOs), a pipeline of over $1 billion in sales, onto the Tezos blockchain. The announcement appeared in a joint press release published on Tezos Foundation’s website on July 3.

The new initiative is a collaboration between BTG Pactual and Dubai-based asset manager Dalma Capital, who plan to tokenize a number of traditional assets using the Tezos blockchain and smart contracts platform. 

According to the announcement, Dalma Capital is planning to use the Tezos blockchain for digitizing assets in multiple industries, including real estate, equity, lending, as well as global sports clubs. Meanwhile, BTG Pactual intends to boost its expertise in tokenization, which includes the ongoing ReitBZ (RBZ) STO, based on Ethereum (ETH) blockchain.

BTG Pactual’s ReitBZ token is backed by distressed real estate assets in Brazil and aims to enable the bank to provide real estate services to…

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