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07 Jul 15:08News / Altcoin News

A large Brazilian bank will use Tezos for STO for more than $ 1 billion

BTG Pactual, the fifth largest bank in Brazil, and Dalma Capital, Dubai’s asset manager, use the Tezos blockchain to hold security tokens (STO). This was reported in a press release on the Tezos Foundation website.

The companies are confident that the volume of operations using the Tezos blockchain will exceed $ 1 billion. One of the first projects to be released in the framework of the project will be ReitBZ announced in February, thanks to which BTG Pactual plans to raise $ 15 million.

“The use of Tezos, a self-improving blockchain and smart contract platform, will inspire BTG Pactual and Dalma Capital to step up efforts in the field of digitalization,” said representatives of companies participating in a joint project.

Acting as an underwriter in the project, Dalma Capital plans to use Tezos in a variety of tokenization projects of various assets, including real estate, in the future.

According to Messari, over the last week Tezos cryptocurrency increased by 15%, and in the last 24 hours - by 10%.

Earlier, the project on tokenization of real estate through Tezos was presented by the company Elevated Returns.
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