Partnership Aims to Tokenize 22 equity offerings on Tezos Blockchain in Q3
June 30, 2020 — Austin, TX — Following a partnership announcement earlier this year, Vertalo the digital transfer agent that enables the issuance and management of compliant digital securities and connects broker-dealers, issuers, custodians, and exchanges through its B2B SaaS platform, and DealBox, the preeminent blockchain enabled online investment marketplace, are excited to provide an update on the status of their platform integration and licensing relationship.
The Vertalo and DealBox integration is setting the stage to tokenize 22 of DealBox’s issuer clients for management of their investment offerings via the DealBox Marketplace. Issuers utilizing Vertalo-powered DealBox platform will tokenize their cap tables on the Tezos network, Vertalo’s default blockchain for issuing securities and other digital investment instruments. This portfolio-wide tokenization represents roughly $200 million of aggregate deal flow. 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. DealBox clients that have been onboarded to the platform include: Total Network Services, Rypplzz, Gorbyte, Mint Air, Zapaygo, Mirage Entertainment, Origenne Corp, and Biquitous with more being integrated weekly leading up to the platform launch.
DealBox is launching this fully redesigned and optimized platform at the end of July to allow investors to explore, conduct robust research and diligence as well as invest directly into offerings. This expanded functionality is achieved through the integration of Vertalo into the DealBox Platform and provides users with a simple, effective, compliant and full-service system to invest, custody, monitor, report and eventually, trade private company securities utilizing the blockchain.
The DealBox Marketplace, Powered by Vertalo, is the culmination of over a year’s worth of work by both Vertalo and DealBox teams to create the first of its kind, most cost-effective and all-encompassing digital asset investment, issuance and stakeholder management platform. As part of this integration, Vertalo will transform and tokenize DealBox portfolio companies using the Tezos blockchain technology that Vertalo integrated into its platform earlier in 2020.
Dave Hendricks, CEO and Co-founder of Vertalo says, “The DealBox tokenized equity fund is the first vehicle of its kind that the Vertalo team has seen in the real world. In order to execute against this ambitious plan, we created the partnership between Vertalo and DealBox to demonstrate that the digital asset ecosystem means more than mere tokenization and issuance of single assets. By connecting Vertalo’s digital transfer agent and cap table platform to the new DealBox platform, we are creating a workflow for issuers and investors that starts with discovery and leads all the way to secondary liquidity, along the way providing valuable administrative and compliance management for the startups and established companies that have chosen to work with DealBox. The team at Vertalo is excited to continue to grow our partnership with DealBox and its growing roster of clients, such as contactless payment platform Zapaygo and TNS’s next-generation wallet service Digital Names ”.
John Nance, DealBox’s President and Chief Investment Officer says, “We have previously stated our vast affinity for Vertalo, which is why DealBox elected to select them as our technology partner in the first place. Since the signing of our license with Vertalo, I am pleased to share with the world that our beliefs and expectations have been exceeded by Dave Hendricks and his illustrious team. Working with Vertalo is a dream come true for DealBox and its clients. I think that as soon as the platform launches and investors see what we have built.”
Zapaygo CEO Elliot Hall has been working with both DealBox and Vertalo for over a year and is one of the clients being onboarded now. “Zapaygo’s recent fundraise has exceeded its goals three times over, as investors have flocked to contactless payment and ordering solutions in the wake of the Covid19 pandemic. Onboarding and Managing all of the new investors in Zapaygo is a challenge that is beyond the capabilities of a spreadsheet. As a blockchain-enabled platform that is issuing a token, it makes sense for us to work with a digital transfer agent platform like Vertalo to manage our investors’ tokenized investment holdings. The DealBox integration makes this easy and reduces the number of vendors and systems we have to choose and implement while we are focused on our core payments business”
Another company in the Dealbox portfolio, Rypplzz, is enabling groundbreaking applications by entangling the digital and physical world. Rypplzz CEO Josh Pendrick stated “Given the magnitude of growth we’re looking at, a streamlined method for cap table management and governance is tremendously valuable for us. Not only that, but the fact that Vertalo is the first SEC compliant technology solution to enable all the benefits of digital securities, allows us to enhance shareholder value while giving me the certainty I need as CEO to be fully compliant with SEC regulations and ensure our shareholders are protected.”
For more information on Vertalo, visit www.vertalo.com or stay updated with Vertalo’s communications:
Telegram — https://t.me/vertalotoken
Twitter — https://twitter.com/vertalo_?lang=en
Medium — https://medium.com/@Vertalo
LinkedIn — https://www.linkedin.com/company/vertalo
For more information on DealBox, visit https://dlbx.io/ or stay updated with Vertalo’s communications:
LinkedIn — https://www.linkedin.com/company/dealbox-inc/
Facebook — https://www.facebook.com/dlbx.io/
Launched after their own March 2018 STO, Vertalo is a B2B SaaS company founded to map the gaps between primary and secondary trading of digital securities offerings. As the ‘Operating System for Digital Assets’, Vertalo is focused on connecting and enabling the digital asset economy, providing an industry-leading cap table and investor onboarding solution that facilitates direct ownership and direct listing of any private asset. In addition to offering direct issuance services to private companies, Vertalo also offers white-label, licensed, and joint venture opportunities to capital advisors, broker-dealers, and investment banks. A subsidiary of SeriesX, Vertalo is headquartered in Austin, TX with offices in New York City and Seoul. Learn more about SeriesX and Vertalo at www.vertalo.com.
DealBox, Inc. is a specialty capital markets consulting firm focusing on both traditional and digital securities industries which utilizes blockchain based technologies as it relates to capital formation for entrepreneurs and early to middle stage companies. DealBox has strong competencies and expertise in select, high growth industries with a robust capital advisory bench and know-how, as well as commitment to fully vetting company offerings over a multi-week/month iterative process and then recommending the structure most appropriate for your business. When you or your business works with
DealBox, Inc. you can expect one of the most comprehensive investment packaging services and offering construction processes available in the capital formation business today. What we have found is that entrepreneurs are great at creating quality products and services, but what they need help with is turning their business into a consumable product which is what is required to effectively market their offering to raise capital. DealBox Inc. was created to solve this problem and liberate entrepreneurs from the inefficiencies and complexities of presenting your company to potential investors.
Link to original post: https://medium.com/vertalo/deal-box-onboards-8-clients-onto-vertalo-continues-to-expand-platform-offering-with-digital-5ab2ffdeaaca