TQ Tezos has announced that it has partnered with Vertalo to help bring its customers the long-term security and reliability that comes with the Tezos institutional-grade smart contracts and self-upgrading platform according to Chris Lawlor, co-founder of TQ Tezos. He states, “We’re excited to share that TQ Tezos is Vertalo’s technology partner for their upcoming on-chain stakeholder registry and direct listing platform on the Tezos blockchain.
The Vertalo platform recommends and produces by default, SEC-compliant and REG D V-Token security tokens using a Tezos-compatible smart contract. The digital transfer agent platform will facilitate V-Token stakeholder management, custody, and trading with its growing network of broker-dealer, custody, and exchange partners.
In collaboration with Vertalo, TQ developers will build the Tezos smart contracts running under the hood of the upcoming platform. As a technology company building Tezos-based solutions, TQ works with a number of market leaders in the growing digital securities space and is familiar with the challenges and resources projects like the Vertalo platform require from planning through deployment.
“We think that that covers 99 percent of the security token and smart contract landscape for equity and debt,” said Dave Hendricks, CEO of Austin, Texas-based Vertalo. With 18 customers on its platform currently, Vertalo issues digital securities and manages data for the broker-dealers, issuers, custodians and exchanges it connects. It also manages cap tables for startups and allows them to tokenize shares with the company’s REG D V-token.
The company has chosen Tezos because its smart contract abilities are available in multiple programming languages, Hendricks said. He also cited Tezos’ rate of transactions per second, stable network of participants and the collateralization opportunities offered by being a proof-of-stake network.