Which blockchain will prevail sooner or later?
Andre Portilho, head of digital property at BTG Pactual, informed Cointelegraph that $5 million value of ReitBZ shall be switched to Tezos, together with the $2.5 million new increase that was carried out in fiat. The rationale behind this diversification is that the financial institution desires to have its choices open, as there isn’t any means of telling which blockchain will prevail in the long term:
“We do not need to be tied to only one blockchain. As a result of clearly I can not inform which blockchain blockchain will prevail. <…> We need to produce other choices, different blockchains that may serve higher the items of tokenization and issuing tokens that characterize actual property.”
Evaluating the price of the digital asset issuance versus the standard paper method, Portilho famous that the previous might need turned out to be somewhat bit dearer, however it supplies sure benefits and infinite scalability — issuing $10 billion value of securities will price roughly the identical as $10 million.
Liquidity is the important thing
BTG Pactual thought-about working with service suppliers like Securitize, however determined to do it themselves with the intention to be taught the ins and outs of issuing digital securities. In line with Portilho, the financial institution’s final purpose within the endeavor is to achieve the utmost potential clientele:
“On the finish, as a financial institution, going into digital property, we need to uncover the very best technological answer for us to have the ability to enhance potential viewers for our merchandise.”
The financial institution is presently engaged on itemizing its safety tokens on some newer up and coming exchanges in Asia, as liquidity for any such digital property stays its Achilles heel.