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Brazil’s BTG Pactual plans $1 billion crypto token partnership

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 security tokens.The partners have a pipeline of deals for tokenization (the process of transforming real assets into tradeable digital contracts). Dalma plans to tokenize property and sports clubs, while BTG has already sold real estate-backed tokens.
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Tesla stock on a blockchain offers hint of where crypto’s headed

A new digital exchange will enable investors to trade in companies—including Apple, Facebook, and Tesla—outside of the U.S. even when the stock markets are closed. DX.Exchange, which has offices in Estonia and Israel, will offer digital tokens based on share of 10 Nasdaq-listed companies with plans to expand to the New York Stock Exchange.
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