Cryptocurrencies
Brazil’s BTG Pactual Plans $1 Billion Crypto Token Partnership
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Banco BTG Pactual SA, Latin America’s biggest standalone investment bank, has teamed up with Dubai asset manager Dalma Capital to sell more than $1 billion worth of so-called security tokens.
The partners have a pipeline of deals for tokenization, which refers to the process of transforming real assets into tradeable digital contracts that live on a blockchain. Dalma plans to tokenize property and sports clubs, while BTG has already sold real estate-backed tokens and is looking at further issuances, according to a statement from the companies.