Top 3 Security Tokens News – Weekly Digest (1 – 7 July)

Tezos Lands $1 Billion Security Token Deal with Major Brazilian Bank

Latin America’s largest investment bank, Brazil’s Banco BTG Pactual S.A., has announced plans to launch Security Token Offerings (STOs) on the Tezos blockchain. The news marks a major step for the Tezos Foundation.

Banco BTG Pactual will work in collaboration with Dubai’s Dalma Capital “to host a deal pipeline of $1bn for existing and future prospective token issuances”. They plan to utilize the Tezos blockchain for the issuances, which will include a range of tokenized traditional and alternative investments. Source

Polymath Stops Two Projects, Lays off 10 to Focus on Security Token App

Ethereum (ETH)-based security token platform Polymath will terminate its two planned in-house projects to focus further on bringing securities onto blockchain, the firm announced in a blog post on July 4.

Polymath is funneling the company’s newly freed resources towards its Polymath Token Studio, a decentralized application (dApp) that has reportedly enabled the issuance of over 130 security tokens to date, the company said in the announcement. Source

Securities Exchange Euronext Invests €5 Million In Security Token Platform Tokeny

Announced July 1st 2019, Euronext has invested in compliant securities tokenization platform Tokeny Solutions. The investment resulted in Euronext holding a notable 23.5% stake in Tokeny Solutions. Source

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