What Vertalo does

Vertalo is an Austin-based software company operating as an SEC-registered transfer agent (CIK 0001793379) since 2019, providing an Agentic Tokenization and Transfer Agency platform for issuers, asset managers, and transfer agents. The company was founded as SeriesX in 2016, rebranded to Vertalo in 2017 after recognizing that its blockchain-based registry was directly applicable to securities compliance, and has been in production tokenization since March 2018, when it tokenized its own equity (VEST) on Ethereum under Rule 506(c) of Regulation D in one of the first compliant on-chain real-world equity issuances. The core technology is the Vertalo Securities Protocol (VSP), a chain-agnostic layer supporting Ethereum, Tezos, Aptos, Solana*, and Canton*, backed by a Shared Ledger that acts as the append-only Golden Source reconciling on-chain and off-chain positions and exposing 845 typed GraphQL operations across 10 functional domains via typed SDKs in TypeScript and Python.

The platform addresses the compliance gap in private market tokenization: legally required cap-table maintenance, investor relations, KYC/AML, and lockups that sit between issuance and trading and historically lacked proper tooling. Vertalo sells through three deployment models — Primary Transfer Agent, Sub-Transfer Agent, and TA Tech Provider (white-label deployment inside client infrastructure) — on subscription contracts that are positioned as predictable software pricing against broker-dealer BPS pricing. GTM is API-first developer motion combined with enterprise direct sales to issuers, asset managers, and transfer agents, with partners such as Coinbase Ventures, Tezos Foundation, Wedbush, tZERO, Aptos, Sumitomo Mitsui Leasing, and MountX. The company has tokenized $500M+ in assets across 100+ issuers and 200,000+ investors, with cumulative funding of approximately $7.75M including a $5M Series A in May 2021.

AI is woven through compliance, KYC/AML, cap-table intelligence, and operations, with autonomous agents able to run issuance, transfer, and recordkeeping over the same typed API surface as humans, supported by MCP-ready architecture and a grounded on-site assistant. The company is privately held, headquartered at 500 E 4th Street in Austin, Texas, and led by CEO and co-founder Dave Hendricks alongside CTO William Baxter and General Counsel Gautam Gujral.

Name

Vertalo

Legal name

Vertalo, Inc.

Website

https://vertalo.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Vertalo is an SEC-registered transfer agent (since 2019) operating an Agentic Tokenization and Transfer Agency platform on the chain-agnostic Vertalo Securities Protocol, serving issuers, asset managers, and traditional transfer agents with multi-chain tokenization, a Shared Ledger Golden Source, and AI-driven compliance and recordkeeping across Ethereum, Tezos, Aptos, Solana, and Canton.

Ownership category

akta.pro rank

Product category

Digital Securities Tokenization Platform

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computer Systems Design and Related Services (54151), Securities and Commodity Exchanges (5232)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Programming Services (7371)

akta.pro primary industry

Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)

akta.pro secondary industries

Decentralized Identity & Verifiable Credentials for Finance (DID/KYC Reuse) (FSAGAMAE), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Managed File Transfer (MFT) & B2B Integration (EDI) (HDAEAIAE)

Keywords

• Tokenization platform
• Transfer agency services
• Digital securities infrastructure
• Blockchain asset issuance
• Securities tokenization software

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales

Revenue model

1. SaaS Platform / Software Subscription: Software pricing based on predictable subscription model rather than broker-dealer BPS (basis points) pricing that scales with every transaction. Three deployment options: First-Party Architecture (most control), Dedicated SaaS (exclusive isolated instance with custom security), and Shared SaaS (fastest, full platform access through shared infrastructure).

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels7 records

Core offering

Vertalo provides a SaaS tokenization and transfer agency platform that lets issuers, asset managers, and transfer agents issue and service digital securities across multiple blockchains (Ethereum, Tezos, Aptos, Solana, Canton). The platform combines an SEC-registered transfer agency function (since 2019), a chain-agnostic Vertalo Securities Protocol (VSP), a Shared Ledger acting as a single Golden Source, and an AI-ready GraphQL API with 845 typed operations. Customers can deploy as Primary TA, Sub-TA, or TA Tech Provider inside their own infrastructure.

Product overview

Vertalo offers an Agentic Tokenization & Transfer Agency platform — a unified software platform combining four pillars: AI woven across the platform, an open GraphQL API with 845 operations, SEC-registered transfer agency standing, and production tokenization across four blockchains since 2018. The core product is the Vertalo Securities Protocol (VSP), a chain-agnostic tokenization layer supporting Ethereum, Tezos, Aptos, Solana, and Canton, which other platforms can also license. Deployment is flexible: as Primary Transfer Agent (full lifecycle management), Sub-Transfer Agent (behind existing TAs), or TA Tech Provider (deployed inside client infrastructure). Developers access the platform via typed SDKs for TypeScript and Python, a sandbox with realistic data, AI scaffolding, and reference applications. The Shared Ledger serves as the single Golden Source of truth reconciling on-chain and off-chain positions. Supporting research and analysis is published through Chain-Enabled.

Differentiator

Problem solved

Functional benefit

Products and services

• Agentic Tokenization & Transfer Agency Platform Software platform connecting and enabling the digital asset ecosystem for issuers, asset managers, and transfer agents. Combines AI, an open GraphQL API with 845 operations, SEC-registered transfer agency standing, and production tokenization across Ethereum, Tezos, Aptos, Solana, and Canton.
• Vertalo Securities Protocol (VSP) Chain-agnostic tokenization protocol enabling issuers to choose the right blockchain (Ethereum, Tezos, Aptos, Solana, Canton) without re-platforming. Structure-agnostic (equity, debt, funds, hybrids) and asset-agnostic (real estate, private equity, credit, collectibles). Neutral by design and licensable to other platforms and transfer agents.
• Primary Transfer Agent Service Vertalo acts as the SEC-registered transfer agent of record, running the full digital-securities lifecycle for issuers from issuance to redemption.
• Sub-Transfer Agent Service Vertalo operates behind an existing transfer-agent relationship, adding digital and tokenization capability to the existing book without disrupting it.
• TA Tech Provider Deployment Deployment of the Vertalo platform inside the client's own cloud and security perimeter. The client keeps its own client relationships and regulatory standing while Vertalo's Shared Ledger serves as the single Golden Source.
• Shared Ledger / Golden Source Append-only, independently verifiable authoritative record of ownership that reconciles on-chain and off-chain positions from a single canonical source. Sold as part of platform deployments in Vertalo-hosted cloud or inside the client security perimeter.
• Vertalo SDK (@vertalo/sdk) Typed SDKs for TypeScript and Python that provide typed clients for the Vertalo GraphQL API, supporting AI-assisted development and faster integration.
• Vertalo Sandbox Preloaded sandbox environment with realistic cap-table and investor records for testing integrations without prototyping against empty data.

Quantifiable outcome

• $500M+ in assets tokenized on-chain
• +3 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and major.

• AptoscoreTechnology or Integration · 1 May 2026Aptos blockchain integrated into the Vertalo Securities Protocol as the third supported chain alongside Ethereum and Tezos. Enables issuers and fund managers to deploy tokenized securities on Aptos's high-throughput Layer-1 network built with the Move programming language.
• Sumitomo Mitsui LeasingmajorStrategic or Co-development Partner · 1 March 2024Sumitomo Mitsui Leasing trials tokenizing real estate and equipment using Vertalo's infrastructure. Named as the technology partner in the Japanese flagship source for the Sumitomo Mitsui leasing proof of concept. Coverage in Nikkei FinTech, Ledger Insights, and CoinGeek.
• MountXmajorTechnology or Integration · 1 August 2020MountX licensed Vertalo for up to 15 real-estate tokenization projects across Mexico and Canada. Vertalo to tokenize real estate in Mexico and Canada.
• tZEROcoreTechnology or Integration · 1 April 2020tZERO and Vertalo brought $300M of real estate to the Tezos blockchain in April 2020. In February 2021, tZERO signed a technology agreement with Vertalo making Vertalo-tokenized securities compatible with the tZERO ATS trading ecosystem.

Scale indicators9 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Fireblocks: Large digital-asset custody and infrastructure platform serving institutions; broader and better-capitalized than Vertalo, with overlapping capabilities around tokenized securities operations and ecosystem APIs.
• BitGo: Institutional digital-asset custodian and infrastructure provider (and parent of Harbor); competes with Vertalo in the regulated digital-securities stack at a much larger scale and broader product portfolio.
• Coinbase (Asset Management / Tokenization): Diversified crypto platform and Vertalo investor (Coinbase Ventures, Series A 2021); its institutional and asset-management offerings overlap with Vertalo's issuer ecosystem at a much larger scale.

Direct peers

• Securitize: Largest dedicated digital-securities issuance and transfer-agent platform; competes head-to-head with Vertalo in tokenization, SEC-registered transfer agency, and the same issuer and asset-manager customer base.
• Tokeny: Enterprise-grade tokenization platform targeting issuers, asset managers, and transfer agents in regulated markets; competes in the same primary-TA and white-label deployment segments as Vertalo.
• Securrency: Institutional-grade tokenization infrastructure and compliance middleware; overlaps with Vertalo in serving regulated issuers and asset managers exploring multi-chain tokenized securities.
• Polymath: Security token issuance platform with its own compliance protocol; competes with Vertalo for issuers building compliant tokenized securities, particularly on Ethereum.
• Harbor (BitGo subsidiary): Tokenized-securities issuance, transfer-agent, and compliance platform acquired by BitGo; targets the same issuer and asset-manager segments with a regulated platform play.
• tZERO: Operates an SEC-regulated ATS for tokenized securities and is both a Vertalo partner (2020/2021 deals) and direct competitor in serving issuers wanting ATS-compatible tokenized securities.

Emerging players

• Provenance Blockchain: Public blockchain focused on financial-services use cases including tokenized funds and securities; overlaps with Vertalo in serving fund managers wanting on-chain distribution, but is chain-specific rather than chain-agnostic.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/vertalo
• Xx.com/Vertalo_
• Facebookfacebook.com/vertalo

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds4 records

Investors22 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vertalo