Tezos Blockchain is going to partner with the fintech merchant bank DealBox and software provider Vertalo which may facilitate 20 companies to tokenize their securities on the blockchain of Tezos.
The partnership which was announced on March 16, 2020, let the Vertalo tokenize 22 various securities issued by the clients of DealBox. Dave Hendricks, CEO of Vertalo stated that the new partnership would facilitate better data management services and enhance the liquidity while claiming the authenticity of his firm which is registered transfer agent with the US Securities and Exchange Commission (SEC)
Explaining the working of partnership, Hendricks stated that Vertalo would be providing the technology and DealBox will act as the intermediary between the clients and technological firm. He further explained the move of tokenizing the securities might enhance the liquidity of private assets which is otherwise hampered by antiquated methods for asset management and ownership of assets despite the more significant market than public securities.
John Nance, President and Chief Investment Officer of DealBox optimistically stated that the recent collaboration would revive the market infrastructure for digital investments. He further added that the latest move is the comparatively new idea of getting crowdfunds from the online investment platform.
Vertalo formally chose the Tezos blockchain as its default network to issue the securities at the start of the year 2020. The company which was earlier supporting the securities purchased on Tezos and Ethereum will try to divert the users from Ethereum to Tezos, thereby proving their loyalty to the network.
Tezos blockchain is one of the trusted network in crypto space and has gained popularity since its launch in 2014 due to the features like three-layered platform and proof of stake platform rather the network of proof-of-work.
Thus, the collaboration of Tezos blockchain can promote the investments in bearish crypto markets of the present time.
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