CrowdfundingNews: Dealbox

DealBox Leverages Vertalo to Migrate from Stellar to Tezos

By December 4, 2020February 20th, 2021No Comments

DealBox has made the leap from Stellar to Tezos and the company completed the process with the assistance of Vertalo.

DealBox is a digital security platform that facilitates tokenization as well as investment crowdfunding. In migrating from Stellar, DealBox leveraged Vertalo’s digital transfer agent while shifting their cap table to Vertalo. Additionally, the company reports that DealBox has also transferred two portfolio company security tokens, previously issued on Stellar.

DealBox also offers a suite of services including investor KYC/AML, qualification, document signing, and on-demand tokenization. According to a note from the company, the three core differentiators of Tezos are its secure, institutional-grade smart contacts, upgradeable platform, and open participation/incentive alignment.

John Nance, President and CIO of DealBox said his company is pleased to announce the successful closing of two Series A offerings, DealBox, Inc. and Total Network Services Corporation. After raising just under $5 million and $2.5 million respectively, they have their first two funded offerings that were previously issued on Stellar being migrated to Tezos.

Dave Hendricks, CEO and founder of Vertalo, added:

“Working with DealBox and its portfolio of issuer clients has been a fantastic experience. When DealBox President John Nance asked if we could help manage his cap table, which was then tokenized on Stellar, we were able to say yes, and at the same time offer to upgrade it to Tezos, a protocol that is rapidly becoming the global choice for managing programmable assets like tokenized securities. We are now in the process of tokenizing several other DealBox portfolio companies on Tezos and expect to list one of these major assets on a major US-based ATS in Q1 2021.”

Read the original article here: https://www.crowdfundinsider.com/2020/12/169896-dealbox-leverages-vertalo-to-migrate-from-stellar-to-tezos/

Thomas Carter

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