Yesterday, BTG Pactual announced the issuance of its ReitBZ token using the Tezos blockchain. ReitBZ is a security token backed by Brazilian real estate.
Brazil-based BTG Pactual is Latin America’s largest independent investment bank and has total assets of $34.7 billion. Last year, the bank announced it would use the Tezos blockchain for security token offerings (STOs).
In February 2019 BTG Pactual revealed that it would start tokenizing Brazilian real estate on the Ethereum blockchain. ReitBZ has been used to acquire 323 real estate units, of which 181 units have been sold so far. The bank will soon launch a secondary market to trade ReitBZ.
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