Open Source Scalability-Focused Smart Contract Platform, CasperLabs, Partners with On-Chain Cap Table Provider, Vertalo
Austin, TX — Vertalo the digital transfer agent connecting and enabling the digital asset ecosystem through their API-based platform is excited to announce its partnership with CasperLabs, a next-generation secure and scalable Proof-of-Stake blockchain.
Under the new partnership, Vertalo will provide cap table management software for CasperLabs’ ongoing private token sale, highlighting the flexibility and extensibility of Vertalo’s platform. Vertalo engages with clients before, during, or after their offering process, whether they are offering security tokens, SAFT agreements, or traditional equity under Reg D, A, CF, or S.
Vertalo provides CasperLabs and its token sale participants with a user-friendly stakeholder management interface, a feature rarely offered to SAFT and token investors. This partnership represents the first use of Vertalo’s best-in-class cap table data management platform for a SAFT and similar instruments that have gained popularity among novel blockchain networks. Companies managing their SAFTs on Vertalo have the choice to further tokenize their underlying offerings at any time during or after the fundraise, even if they have plans to later release a token for their own network.
Dave Hendricks, CEO and co-founder of Vertalo says, “The emergence of the digital asset ecosystem has created a whole new class of stakeholder that doesn’t own traditional equity, yet owns a significant stake in the successful launch and growth of the network. These new networks are built with and for the community members that buy these revolutionary incentive instruments.” He continues, “SAFT investors who purchase these network incentive tokens are interested in maintaining their ownership rights similar to equity or debt holders, but until now, there has been no platform that can manage this type of instrument for the thousands of network projects that are building communities using new crowdfunding methods. As the first cap table platform built for decentralized network and digital-first projects, Vertalo is very excited to partner with an innovator in staking platforms such as CasperLabs.”
Cliff Sarkin, COO at CasperLabs notes, “The goal of our private validator token offering is to encourage a new demographic of stakeholders to take part in the creation and initial validation of the Casper blockchain. We are very excited to partner with an innovative company like Vertalo who is enabling a broader community to connect and enable the digital asset economy with its blockchain-based platform.”
To date, CasperLabs has released 20 on-time development releases in addition to the successful launch of the first public incentivized test network (“Testnet”) fully subscribed with over 20 participating validators including HashQuark, Stake.Fish, SNZ Pool, and more.
Participating validator Wesley Pryor, CEO of AcheronTrading notes, “CasperLabs distinguishes itself from the pack with its clarity of technical vision and competency to build technology to support a powerful user experience at scale. That is why, as early supporters of the protocol, we are energized to participate as a validator in the incentivized testnet.”
The partnership between Vertalo and CasperLabs represents the current industry trend towards use of fintech software, typical of traditional markets, to manage novel offering structures on a familiar and compliant basis. The consistent user experience and embedded compliance features of Vertalo serve to build additional confidence and trust among participants in CasperLabs’ offering, lowering the barriers to adoption for both blockchain-savvy and inexperienced users of the technology.
For more information on Vertalo, visit www.vertalo.com or stay updated with Vertalo’s communications:
Telegram — https://t.me/vertalotoken
For more information on CasperLabs, visit https://casperlabs.io/ or stay updated with CasperLab’s communications:
Technical Specification: https://techspec.casperlabs.io/
Consensus Proofs: https://github.com/CasperLabs/highway/releases/download/v1.0/highway.pdf
Launched after their own March 2018 STO, Vertalo is a B2B SaaS company founded to map the gaps between primary and secondary trading of digital securities offerings. As the ‘Operating System for Digital Assets’, Vertalo is focused on connecting and enabling the digital asset economy, providing an industry-leading cap table and investor onboarding solution that facilitates direct ownership and direct listing of any private asset. In addition to offering direct issuance services to private companies, Vertalo also offers white-label, licensed, and joint venture opportunities to capital advisors, broker-dealers, and investment banks. A subsidiary of SeriesX, Vertalo is headquartered in Austin, TX with offices in New York City and Seoul. Learn more about SeriesX and Vertalo at www.vertalo.com.
CasperLabs is the blockchain platform purpose-built to scale opportunity for everyone. Building toward blockchain’s next frontier, CasperLabs is designed for real-world applications without sacrificing usability, cost, decentralization, or security. CasperLabs removes the barriers that prevent mainstream blockchain adoption by making blockchain friendly to use, open to the world, and future-proof to support innovations today and tomorrow. Guided by open-source principles and built from the ground up to empower individuals, the team seeks to provide an equitable foundation made for long-lasting impact.