Vertalo announces date for $200 mill STO offerings on Tezos: Q3

Vertalo announces date for $200 mill STO offerings on Tezos: Q3

By Allen Walters | Publish0x posts | 1 Jul 2020


The process of launching STO's on Tezos has been a marathon so far. If we analyze the process Vertalo and Dealbox have gone through, we can get more of an understanding of the process and why these things take time. In the beginning of 2020, Vertalo has started integrating Tezos into their platform. From that point, Vertalo has advanced working with Dealbox to set up the Dealbox marketplace platform which is set to launch at the end of July. "Since DealBox and Vertalo started implementing the DealBox Platform in March, DealBox has integrated 8 of their 22 clients into Vertalo and plans to have all 22 finalized by the middle of the 3rd quarter 2020." 

Today Vertalo and Dealbox announced that they aim to Tokenize the 22 equity offerings from these 22 clients on Tezos in Q3. "This portfolio-wide tokenization represents roughly $200 million of aggregate deal flow." 

If we take a look at the total value of the Security Token Market, we see that the STO marketcap only just surpassed $ 140 mill. Tezos based STO's would more than double the STO marketcap in the next 4 months.

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Another issuer that has announced a launching date for their STO's on Tezos is Elevated Returns. They previously announced to launch in June, but had to push back that date to August. The Elevated Return STO is another $ 80 mill.

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Allen Walters
Allen Walters

Fascinated by blockchain and future proofing cryptocurrency. Discover the tech before it gets relevant. Twitter: @IgnoranceIt


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