LATAM crypto news: VERT drives asset tokenization in Brazil as Grupo Murano bets $10B on BTC treasury
Main Idea
VERT has launched a blockchain platform on XRPL to enhance Brazil's credit market efficiency, while Grupo Murano plans to invest $10 billion in Bitcoin over five years.
Key Points
1. VERT's blockchain platform on XRPL aims to improve securitization operations in Brazil's private credit market with real-time tracking and transparency.
2. The platform's first milestone was the issuance of a 700-million-real Agribusiness Receivables Certificate (CRA), equivalent to around $130 million.
3. Grupo Murano plans to invest up to $10 billion in Bitcoin over five years, diversifying its portfolio with up to 80% exposure to Bitcoin.
4. Grupo Murano is also installing Bitcoin ATMs in its venues, aligning with global companies that hold Bitcoin treasuries.
5. VERT's solution leverages XRPL's low costs, speedy settlement, and smart contract capabilities, backed by Ripple and compliant with Brazilian regulations.
Description
This week’s most notable news in Latin America is that the Brazilian financial system moves closer to global trends in financial digitalisation, setting the stage for a more modern, agile, and secure infrastructure. On the other hand, Mexico’s Grupo Murano announced that it would invest up to $10 billion in a time frame of 5 years to create a Bitcoin Treasury. Brazil’s capital markets take a key step toward digitalisation VERT has built a revolutionary blockchain platform for private credit on t...
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