Banco BTG Pactual was the first investment bank to launch an STO

Banco BTG Pactual S.A. has announced that it intends to use the Tezos block of sales for security tokens (STO). The project is being developed in collaboration with Dalma Capital, a prominent investment manager in Dubai.

A potential $ 1 billion market

BTG Pactual was the first major investment bank to officially launch an STO in February this year. This is the security token REITBZ, which was released on the Ethereum blockchain.

By using the new platform for securities transactions, financial institutions are approaching a market that exceeds $ 1 billion. BTG Pactual said it intends to use the Tezos blockhouse to tokens numerous traditional and alternative investments.

“The Bank intends to remain agnostic about the protocols and technologies used. We will continue to use the Ethereum blockchain, but we believe that Tezos is a global player with a robust asset block block “

said Andre Portilho, Banco BTG Pactual partner responsible for the STO initiative.

Tokenize multiple types of investments

Dalma Capital, working with BTC Pactual for STO issuance, said it intends to use Tezos for several asset tokens projects. These include real estate, major world sports clubs, shares and other types of investment.

“Blockchain technology has now become a global reality. We are delighted to work with Tezos Foundation and Tocqueville Group, whose technical expertise complements our bank investment and asset management activities,

said Zachary Cefaratti, CEO of Dalma Capital.

“Banco BTG Pactual and Dalma Capital are leaders in the implementation of tokens and blockchains in traditional banking and asset management,

Hubertus Thonhauser, director of Thezos Foundation, commented.

“We are delighted to see that investment banks are progressing in adopting blockchain technology.”