Transfer Agent Vertalo Chooses Tezos Over Ethereum for Security Token Development

Transfer agent Vertalo wants its customers to issue securities on the Tezos blockchain. The company has made Tezos its default blockchain, encouraging customers to switch over from ethereum.

“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. “A real estate fund managed via a Tezos security token could simultaneously pay out a staking-based dividend next to an asset-secured dividend as is traditionally paid in investments like real estate investment trusts, an area that is a key focus for Vertalo and other security token platforms around the world,” Hendricks said.

Timeline of Ethereum, Tezos