In March this year, Vertalo announced that they will tokenize 22 securities worth $200 million on Tezos through fintech merchant bank DealBox. Today the launch of the first Security Token Offering (STO) in this series is announced to be in November. This will be a $25 million Series B offering for the company "Total Network Service" (TNS). TNS is a company based in Tampa Florida and offers services like Dedicated Cloud Infrastructure, Blockchain Software Development, Global Network Connectivity, Software Automation Solutions.
"we are excited to have secured the rights to the technology we have been working so hard to develop and commercialize under a marketing agreement. In addition, the proceeds from this planned offering will provide capital that will enable us to launch a worldwide marketing campaign to promote Digital Names and our related service offerings." - Thomas Carter, CEO of TNS
Deal Box Inc. is a FinTech Merchant Bank and capital markets consulting firm that specializes in the securitization and productization of assets for emerging growth companies such as royalty distributions, revenue share agreements, equity and voting rights using the revolutionary technologies of the digital securities industry. The Deal Box Team is comprised of capital markets veterans, expert technologists, design experts, and creative visionaries. "It's time to democratize venture capital".
Read more about what STO's are and why they are the future of trading assets in my article "Demystifying Security Token Offerings"
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