Brazil Tokenizes $835 Million of Financial Assets With Itaú BBA and Other Firms Participating
JH Kim
Summary
- Brazil's financial sector has tokenized $835 million of assets, including structured credit and accounts receivable.
- A total of 386 series have been issued across 60 asset pools so far, using 378 smart contracts.
- Major financial institutions including Itaú BBA, Banco BV, Banco ABC Brasil and Creditas participated in the tokenized issuance.
Brazil's financial sector has tokenized $835 million of assets, including structured credit and accounts receivable.
Cointelegraph, a cryptocurrency-focused media outlet, reported on Sept. 11 that 386 series have been issued across 60 asset pools so far, using 378 smart contracts.
The tokenized assets cover a range of real-world financial assets, from structured credit products to corporate receivables.
Major Brazilian financial institutions involved in the issuance include Itaú BBA, Banco BV, Banco ABC Brasil and Creditas.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.