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Cryptocurrency News Articles
Tezos Blockchain Embraces Tokenization Revolution, $200M in Securities Deals to Transform Market
May 02, 2024 at 01:04 am
Through a partnership with DealBox and Vertalo, over 20 companies anticipate tokenizing securities on the Tezos blockchain, representing around $200 million in transactions. Vertalo will tokenize 22 securities from DealBox's clients, providing data management and boosting liquidity. As a registered transfer agent with the SEC, Vertalo acts as a technology provider for this partnership, while DealBox facilitates between clients and Vertalo.
Tezos Blockchain Embraces Tokenization Revolution: $200 Million in Securities Deals Set to Transform Market
In a groundbreaking partnership that signals a paradigm shift in digital asset issuance, more than 20 companies have joined forces with fintech merchant bank DealBox and software provider Vertalo to tokenize $200 million worth of securities on the Tezos blockchain.
Announced on Monday, this strategic alliance marks a significant milestone in the evolution of private equity and transforms the landscape for digital investments. Vertalo, a leader in digital security issuance, will tokenize 22 distinct securities issued by DealBox's clients, providing unparalleled data management services and unlocking liquidity for investors.
"The private assets market dwarfs the public securities market," said Dave Hendricks, CEO and co-founder of Vertalo. "But antiquated asset management methods have stifled liquidity and ownership opportunities for private asset holders. Tokenization presents a transformative solution to this long-standing challenge."
Vertalo serves as the technology backbone of this partnership, while DealBox acts as the intermediary between clients and the tech firm. This strategic structure ensures that Vertalo can focus on its core competency as a technology provider, while DealBox maintains direct relationships with the issuers.
"Vertalo seamlessly handles the technological complexities of security issuance, enabling us to concentrate on our core business of connecting issuers with investors," said John Nance, president and chief investment officer of DealBox. "This partnership empowers us to build a robust market infrastructure for digital investments."
This partnership represents a significant expansion for Vertalo, more than doubling the number of customers utilizing its digital security issuance platform. The company's strategic shift to prioritize Tezos as its default blockchain for security issuance further highlights the growing adoption of the Tezos ecosystem.
"Tezos offers a secure, scalable, and energy-efficient platform that is ideally suited for digital security issuance," said Hendricks. "We are confident that our partnership with DealBox will catalyze the growth of the Tezos ecosystem and unlock the full potential of tokenized securities."
The integration between Vertalo and DealBox is already underway and is expected to be completed during the second quarter of 2023. This collaboration is poised to revolutionize the private equity market, offering issuers and investors unprecedented access to liquidity, transparency, and efficiency.
As the digital asset landscape continues to evolve, the partnership between Vertalo, DealBox, and Tezos stands as a testament to the transformative power of tokenization. This strategic alliance sets the stage for a new era of digital investments, where private assets can unlock their full potential and investors can access new opportunities with greater ease and transparency.
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