October 30, 2019 Tezos and tZero partner to tokenize $643 million in UK real estate.

Rani Zahr, CIO of Alliance Investments, who finances the properties to be tokenized, commented on why security tokens were chosen as instrument: “Raising funds through an STO is more efficient, cost-effective, autonomous and democratic than traditional financing. We believe that we are at the forefront of a technological change that can disrupt the current funding paradigm.” The first offering, scheduled for Q1 2020, will see tZERO issuing security tokens representing equity in an under-construction Manchester water-front development. The Tezos protocol will be used as the base infrastructure for the digital assets and smart contracts to be deployed.