Vertalo
Austin, US · Founded 2017 · 9 employees on LinkedIn · 5 known investors
Vertalo builds compliance infrastructure for tokenized real-world securities, connecting issuance to trading and maintaining the registry/cap-table records that securities issuers are legally required to keep. Starting as SeriesX, the company completed one of the first compliant on-chain issuances of tokenized real-world equity under Regulation D and now serves securities issuers.
Also known as SeriesX · Vertalo
Founders & leadership
Vertalo was founded in 2017 by Gautam Gujral and Dave Hendricks.
Investors · 5
Company profile
researched Aug 2026Vertalo supplies the software layer beneath tokenization programs for private and digital securities. Its core product is a distributed ledger that functions as the securityholder register itself, so that the on-chain record and the official register are a single record. The platform connects to the broker-dealers, KYC/AML providers, alternative trading systems (ATSs), custodians, existing transfer agents and blockchains that a client already uses, and exposes a typed, versioned API accessible through MCP, GraphQL, or an agent embedded in software the client already runs. Deployment options range from multi-tenant SaaS to a dedicated instance to the client's own AWS environment, and the product can be white-labeled so that end investors interact only with the client's brand and domain.
For issuers, Vertalo positions the platform as a combined cap table, transfer agent and trading-integration system for privately held assets. Features described include stakeholder, token-holding and wallet-address management from a single dashboard; vesting schedules, dividend distribution and on-demand reporting; optional tokenization of equity compatible with ERC20 wallets; keyless custody so investors need not manage private keys; and connections to a partner ecosystem of custody, issuance and trading platforms intended to provide secondary liquidity without the dilution of traditional exit routes. Trades from a client ATS settle directly against the ledger via an "Allowance Controller."
The company describes the platform as chain-agnostic and jurisdiction-agnostic: the same register, controller model and API are used across US (Reg D, Reg S, Reg A+), UK (FCA), EU (MiCA, DLT Pilot), Canadian exempt-market, Singapore (MAS) and Hong Kong (SFC) offerings, with assets carried on Ethereum, Tezos, Aptos and additional chains, and with chains changeable without moving the register.
Business model
Vertalo licences software rather than acting as an intermediary in transactions. It states it takes no position in client raises, charges no success fee, no fee on assets under administration and no per-transaction fee, and holds none of the blockchain keys. Pricing is banded by the size of the client's operation and does not change as client assets appreciate. A free six-week sandbox is offered, and onboarding materials, runbooks and build recipes are published.
Licensing of the platform, with pricing tiers based on the scale of the customer's operation rather than assets under administration or transaction volume; transfer-agency services are offered where Vertalo holds the registration.
Traction
The company reports more than $500 million in assets on chain, more than 100 issuers and clients, and more than 200,000 investors, and states it has been tokenizing in production since 2018 and registered with the SEC as a transfer agent since 2019 (CIK 0001793379).
▸Full profile — market position, technology, go-to-market, geography
Market position
Positions itself as infrastructure underneath tokenization platforms and transfer agents rather than as a competing intermediary, contrasting its licensed-software model with platforms that either act as the transfer agent themselves or never hold that registration.
Vertalo offers four transfer-agency arrangements rather than fixing one model: Vertalo as primary transfer agent of record; Vertalo as sub-transfer agent behind a client's existing transfer agent; the client holding its own registration with Vertalo as underlying software; or the client holding the registration and serving its own clients on the platform, optionally inside its own cloud. Clients can move between arrangements. The company also emphasizes that chain, jurisdiction and platform remain separate, reversible decisions, that it can run underneath local registrars without a competing mandate, and that it can remain invisible to end users.
Technology
A distributed ledger that serves as the authoritative securityholder register, governed by the Vertalo Securities Protocol. Design points include delegation recorded on every write (which person authorized which agent to take which action), role scoping enforced at the server rather than through prompts, an Allowance Controller through which an ATS settles trades against the ledger, a typed and versioned API surfaced identically via MCP and GraphQL, chain-agnostic support for Ethereum, Tezos and Aptos, ERC20 wallet compatibility, and keyless custody for tokenized assets.
Go-to-market
Direct enterprise sales supported by self-serve entry points: a free six-week sandbox, requests for demos and sandbox access, published onboarding kits and runbooks, an on-site advisor that maps a prospect's situation to the platform, and a partner ecosystem of broker-dealers, custodians, issuance and trading platforms. Offerings can be white-labeled so partners deliver Vertalo capability under their own brand.
Securities issuers, particularly privately held companies and private-asset managers, plus intermediaries such as broker-dealers, ATSs and venues, custodians, existing transfer agents, and firms wanting to offer transfer-agent technology to their own clients.
Geography
Headquartered in Austin, with platform support described for offerings in the United States, United Kingdom, European Union, Canada, Singapore and Hong Kong.
Compiled by commissioned research from 2 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsVertalo states it has been an SEC-registered transfer agent since 2019, under CIK 0001793379.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 2
primary sources listed
- Vertalo Privatevertalo.com · web
2 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Vertalo do?
- Vertalo provides transfer-agency and ledger software that keeps the securityholder register for tokenized private assets.
- Who founded Vertalo?
- Vertalo was founded by Gautam Gujral, Dave Hendricks in 2017.
- Who are Vertalo's investors?
- Vertalo's investors include Tezos Foundation, Collab+Currency, Naples Technology Ventures, Next Coast Ventures, Wedbush Ventures.
- Where is Vertalo headquartered?
- Vertalo is headquartered in Austin, US.