Exchange Mercado Bitcoin (MB) will offer a receivable tokenization solution to Europe, according to a statement shared with Cointelegraph. The exchange’s first offering, via CryptoLoja, a Portuguese company acquired by the group, sold out in less than 24 hours.
although The tokens are distributed in the European market and are backed by assets tokenized in Brazil. In the case of this first offer, they are tokens based on PagCartão receivables.
Accrual-backed tokens act as if they were a fixed-income investment. Where the user who buys the tokens receives interest from the contract during the term of the contract, and at the end of the contract, they get back the invested amount.
Since 2018, MB has been developing receivable-backed tokens and other traditional assets that are not classified as securities, such as precatorios, consortium stakes, and others. According to MB, the tokens will be sold on CryptoLoja, a Portuguese exchange that MB has acquired.
According to MB, the token offering in Portugal will start with tokens from receivables with an expected return of between 7% and 9% annually. However, the proposal is[previsãoderentabilidadeentre7%e9%aoanoNoentantoapropostaéaumentar[ previsãoderentabilidadeentre7%e9%aoanoNoentantoapropostaéaumentarView “fixed income” currencies and even implement a riyal-backed stablecoin.
“We want to bring our expertise, not only with digital fixed income, to the European ecosystem, but within the regulated infrastructure,” said Rinaldo Rabello, CEO of MB Valor.
Bitcoin market and central bank
In Brazil, the bitcoin market is also making news and is participating in the second edition of Next, the fintech accelerator program of the National Federation of Central Bank Server Associations (Fenasbac).
For Batch No. 2, Aceleração Next seeks projects related to international financial flow via blockchain; financial inclusion with blockchain infrastructure; new payment flows on distributed ledgers; using data intelligence to reduce bad debts; open finance data artificial intelligence; real and stablecoin infrastructure projects; In addition to coding projects and complete management of digital assets.
The challenge depends on the corporate sponsorship partnershipMercado Bitcoin, Elo, Sinqia, Nuclea (CIP) and Finansystech, as well as support Numerik and MCS Code.
interested haveUntil February 13th to register for the selection process, Which is divided into three stages: online application, technical interviews and presentation day. Those selected and their projects will be announced on March 8th.
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