Banco BTG Pactual, the largest private investment bank in Latin America, is launching its own securities tokens, representing investments in the real estate sector, and is accomplished through Tezos (XTZ), one of the most popular cryptocurrencies of recent months.
The bank previously launched its ReitBZ tokens on the Ethereum blockchain network and managed to collect a total of $ 10 million worth of Ether and Gemini Dollars (GUSD) capital.
Competitor to Ethereum Network: Tezos
Andre Portilho, head of the digital assets division of BTG Pactual, said that the $ 5 million ReitBZ tokens will be transferred to the Tezos blockchain network from now on. Portilho also stated that the $ 2.5 million fund collected with fiat money will be transferred to the Tezos network. It is known that the main reason for the bank to do this is to keep its options open. In a statement by bank officials, it was noted that it is not certain which blockchain network will be superior in the long run.
In fact, this situation shows that besides the Ethereum network, Tezos network is thought to achieve incredible popularity and usage in the long term. Stating that they do not want to be limited to a single blockchain network, Portilho may even initiate a new trend and fire the XTZ price among other banks and financial institutions.