Blockchain, Featured

Tezos Blockchain Will Be Utilized For Security Token Offerings (STOs)

The Tezos Blockchain will be utilized for security token offerings (STOs) like a Brazilian Real Estate-backed security token called REITBZ. A financial services company called Banco BTG Pactual S.A. and an asset manager called Dalma Capital jointly made an announcement of plans for the utilization of the Tezos blockchain for the STOs.

The asset manager Dalma Capital will be working as a joint-bookrunner for the Brazilian Real Estate-backed security token REITBZ. Using Tezos for various expected asset tokenization projects is a future plan of Dalma Capital. The financial services company Banco BTG Pactual S.A and Dalma Capital will be encouraged for the improvement of their digitization efforts using Tezos.

Steps for introducing digitization initiatives in industries are taken by governments around the world. $2.9 billion will be the blockchain spending globally in the year 2019. While $307 million will be the blockchain spending in the Middle East (MEA) region by the year 2021.

The Chief Executive Officer (CEO) at Dalma Capital Zachary Cefaratti said, “With blockchain technology now becoming a reality globally, we are delighted to be working with the Tezos Foundation and Tocqueville Group teams, whose technical expertise compliments our investment banking and asset management credentials. 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.”

Dalma Capital is recognized as an alternative investment fund accelerator & platform at the international level. It was founded in the year 2011. The Dubai International Finance Centre is the headquarter of Dalma Capital. Identifying the next generation (NexGen) of alpha-generating ‘edge’ fund managers, strategies, and opportunities is a goal of Dalma Capital.

Banco BTG Pactual S.A. is recognized as the largest investment bank. It was founded in the year 1983. It employs 2,284 people. Investment Banking, Corporate Lending, Sales & Trading, Wealth Management, and Asset Management are the areas operated by Banco BTG Pactual S.A, PR Newswire reported

Tezos blockchain is completely decentralized in nature. Upgrading itself is the way for evolving of Tezos blockchain.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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