Blockchain Firm AlphaPoint Adds Support For Tezos Token

Blockchain, News | October 29, 2019 By:

AlphaPoint, a blockchain firm that enables customers to unlock the capital trapped in illiquid assets, has added support for tez (XTZ), the native asset of the Tezos network.

AlphaPoint is a white-label software company powering crypto exchanges worldwide. Through its secure, scalable, and customizable distributed ledger platform, the company enables customers to launch and operate markets, as well as digitize assets.

Tezos is a self-amending blockchain and smart contracts platform that allows organizations and individuals to transact in digital assets using its native digital currency XTZ. The company claims that the Tezos protocol’s on-chain governance system, Proof-of-Stake (PoS), and ability to facilitate formal verification, make Tezos an ideal long-term solution for digital transactions, including smart contracts and security tokens.

In a press release, AlphaPoint said that the XTZ integration enables more than 40 AlphaPoint­software-powered exchanges to support tez for deposits, withdrawals, custody, and trading with fiat and cryptocurrency pairings. Several exchanges in AlphaPoint’s network have piloted support for tez, and already list the cryptocurrency for trading. Additionally, AlphaPoint will be delivering sub-token support to power STO exchanges focused on Tezos based security token offerings as a follow-on project.

“Our goal is to enable our clients to provide access to digital assets globally and we are enthusiastic to support XTZ,” said Igor Telyatnikov, co­founder and CEO of AlphaPoint. “AlphaPoint believes in Tezos as a long-term solution for digital transactions including smart contracts and STOs, and we are also excited by the many projects happening in the Tezos ecosystem.”