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  • BlockBR receives funding from Nexxera and will tokenize more than BRL 1 billion in receivables
BlockBR receives funding from Nexxera and will tokenize more than BRL 1 billion in receivables

BlockBR receives funding from Nexxera and will tokenize more than BRL 1 billion in receivables

The fintech focused on the tokenization sector, BlockBR , announced that it received a contribution from the Nexxera Group, one of the largest financial technology companies in Brazil.

With a large volume of transaction processing per year (about R$ 3.6 trillion in receivables), it starts taking over R$ 1 billion in receivables to the BLOCKBR platform to be tokenized in the coming months.

In addition, according to a statement sent to Cointelegraph, Nexxera intends to create, on BlockBR, a path for the market that wants to tokenize its assets, including financial and commercial ones, integrating its customer base and identifying other tokenizable assets in customers.

“It is in our DNA to be aligned and to be a precursor of the future for our customers and partners. We understand that tokenization of assets, such as receivables, is the next era of financial and mercantile processes in the world. We are very pleased to announce the investment in BlockBR and we believe that together we will bring the future even closer”, comments Edson Silva, president of the Nexxees Group, owner of several brands such as Nexxera, NIX and others.

With the new funds received from the investment, the fintech declared that it will expand its workforce, invest in marketing and international expansion, in addition to accelerating two new technologies that promise to leverage the culture of token offering and the democratization of investments in digital assets. .

“It is very gratifying to be part of the vanguard of tokenization in our country, I believe it is a big step for the future of the financial market as a whole. This movement represents a growth and maturation of the market, presenting a volume of relevant transactions, but it is still just the beginning of what will be a great story.”, explains Cassio José Krupinsk, CEO and founder of BLOCKBR.

Blockchain Extends Usage and Connects Assets

Blockchain-based solutions such as those offered by BlockBR are also part of the objective of the IBRACHINA CHALLENGE by Igloo Network, a contest that selects and supports companies with innovative solutions.

The 6th edition of the challenge promoted by Instituto Sociocultural Brasil China – Ibrachina in partnership with Igloo Network and support from Ibrawork will award startups with the most innovative solutions in blockchain, within the crypto (digital currencies), metaverse, NFT and token (tokenization and cryptoassets) verticals. ).

Ten startups were selected to make a four-minute pitch in which they will present their business model to the panel of judges. The event will be held this Thursday, 17th, at Ibrawork’s headquarters, in São Paulo.

Two startups will be awarded – the winner will attend the Bitcoin Conference in Miami; will have a guaranteed place in the semifinal of the Challenge that will take the winner to GITEX Dubai or WebSummit Lisbon and will be integrated into the curatorship of the Igloo Network.

“We chose these themes for the sixth edition of the Ibrachina Challenge because blockchain is an innovative technology that makes crypto-economy an irreversible path. We have a huge ecosystem of startups creating solutions using blockchain and we want to support them in the process of making their businesses scale”, explains Thomas Law, president of Ibrachina and one of the judges for the competition.

Source: Cointelegraph

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