【Coin Circle】There’s an interesting move worth paying attention to——a team has launched a tokenized product that directly targets Brazil’s credit card financing market, a huge pie.
Let’s talk about the scale: Brazil’s credit card receivables market is worth a full $100 billion, but traditional financing methods inevitably involve numerous intermediaries and risks. What’s their approach? They’re acquiring ownership of receivables, converting these debt claims into tokenized assets on-chain, and offering them directly to institutional investors.
Here’s where it gets interesting——the ownership of receivables has already been registered with Brazil’s Central Bank, which completely bypasses the credit risk of Visa and Mastercard as settlement intermediaries. In other words, it’s not exchange IOUs, but genuine legal asset transfers.
Mars Capital Advisors has committed $200 million in anchor financing as the initial fund, with the product deployed on Plume Network. Once this model is proven, it can serve as a reference for financial asset tokenization in other emerging markets——real-world assets on-chain are finally moving from concept to implementation.
This is real RWA, not like those PPT projects hyping bullshit.
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Damn, even the Bank of China approved it? Doesn't feel like an air coin then.
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A hundred billion market just got eaten up on-chain, traditional finance should be trembling.
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A $200 million bagholder has arrived, let's see how long this wave lasts.
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Bypassing Visa and Mastercard like that, real financial innovation still comes from Web3.
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Brazil again and RWA, there's a ton of these projects, can they outpace inflation?
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Compliance registration + on-chain transactions, this playbook looks solid, but will institutions really jump in?
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Didn't expect accounts receivable to go on-chain, traditional banks are in trouble now.
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Big capital entering means there's potential, let's keep watching.
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Sounds good but still gotta wait and see how the secondary market plays out.
ブラジルのクレジットカード売掛金のブロックチェーン化：2億ドルの資金調達が千億市場を動かす
【Coin Circle】There’s an interesting move worth paying attention to——a team has launched a tokenized product that directly targets Brazil’s credit card financing market, a huge pie.
Let’s talk about the scale: Brazil’s credit card receivables market is worth a full $100 billion, but traditional financing methods inevitably involve numerous intermediaries and risks. What’s their approach? They’re acquiring ownership of receivables, converting these debt claims into tokenized assets on-chain, and offering them directly to institutional investors.
Here’s where it gets interesting——the ownership of receivables has already been registered with Brazil’s Central Bank, which completely bypasses the credit risk of Visa and Mastercard as settlement intermediaries. In other words, it’s not exchange IOUs, but genuine legal asset transfers.
Mars Capital Advisors has committed $200 million in anchor financing as the initial fund, with the product deployed on Plume Network. Once this model is proven, it can serve as a reference for financial asset tokenization in other emerging markets——real-world assets on-chain are finally moving from concept to implementation.