July 8, 2019
BTG pactual has teamed with Dubai-based Dalma Capital to set up a platform to tokenize financial assets worth $1bn on the Tezos blockchain network, the companies said.
Tokenization allows institutions to transform real assets into digital contacts that can be traded.
BTG Pactual was the first major investment bank to officially launch a Security Token Offering (STO), similar to an IPO for digital tokens or coins, when it announced plans to launch ReiBZ in February.
The bank and Dalma have plans
Partners plan to sell more than $1bn in security tokens