Vertalo

Vertalo makes tokenization and transfer-agent software for issuers, asset managers, transfer agents and the broker-dealers, trading venues and custodians that work with them. The Austin, Texas company was founded in 2017 and is itself an SEC-registered transfer agent. It says it has more than 100 issuers and clients, over 200K investors and more than $500M in assets recorded on chain.

The platform keeps one distributed ledger that serves as the official securityholder register, so the on-chain record and the cap table do not need reconciling. Its Vertalo Securities Protocol splits control of a token into separate roles: the issuer configures the security, a registered transfer agent moves records and settles trades, and outside parties such as an alternative trading system or a custodian get scoped permission to move specific balances. Clients can use Vertalo as primary or sub-transfer agent, hold their own registration with Vertalo as the software underneath, or run a white-label investor portal on their own domain. Supported chains include Ethereum, Tezos and Aptos, and offerings can follow US, UK, EU, Canadian, Singapore or Hong Kong rules.

Developers connect through GraphQL or MCP, and the software can run as shared SaaS, as a dedicated instance or inside a client's own AWS account. Vertalo says pricing is set by the size of a client's operation, with no fee on assets or per transaction. Its investors include Coinbase Ventures and CMT Digital.