The Bitcoin Market (MB), largest digital asset platform in Latin America, announces in partnership with Prata Digital, fintech specialized in personal credit granting, the structuring of the first Digital Fixed Income Token (RFD) backed by FGTS payroll loan securities in the anniversary withdrawal modality. The assets were issued by QI Tech, infrastructure fintech for financial services. The operation totals R$50 million and its commercialization was divided into tranches
The expertise of MB Corporate, MB ecosystem area specialized in tokenization, was used to structure the product, while Prata Digital is responsible for credit origination. The profitability of token holders will be associated with the anticipation of the FGTS anniversary withdrawal. Thus, the asset revolutionizes the investment universe through tokenization: in the traditional market, only large banks or managers of FIDCs have access to these applications. Now, the reach expands to retail
QI Tech acted as the bank for the CCBs for the end customers of Prata Digital. She is responsible for granting credit, given your SCD (Direct Credit Society) license, for end customers who wish to anticipate their accumulated resources in the FGTS. Recently, the company received an A+(bra) rating from Fitch, in addition to becoming the first Brazilian unicorn of 2024
Among the product features are a yield of CDI + 1,5% and a term of 77 months. The token can be purchased starting from R$ 100,00. For being included in the RFD modality, the potential return is over 14% per year. It is worth noting that the FGTS constitutes a set of assets that has already moved more than R$1 trillion in resources over six years and five months
"In a very short time", we launched a groundbreaking product, that allows retail investors to participate in the receivables from the anniversary withdrawal consignment, Reinaldo Rabelo states, CEO of MB
"MB is increasingly consolidating itself as a complementary player to other credit structurers". While the market is more accustomed to looking at corporate debts, MB Corporate has specialized in recent years in offering services to individual clients, or 'flesh and bone' as we like to joke here, structured and diversified credits with a risk x return profile that is quite advantageous. Generally, these products tend to remain in the portfolios of bank treasuries or FIDCs, with limited retail access and less attractive conditions than ours, complements Alexandre Reda, head of structuring and products of MB Corporate
Prata Digital is one of the main FGTS credit originators in Brazil and, in 2020, acted as one of the pioneers in the anniversary withdrawal consignment, expanding the usability of the Guarantee Fund. Currently, the company is a leader in origination in this modality, with a volume of R$1,2 billion, total considered a record in the market
When we analyze the percentages of the use of the birthday withdrawal, more than 60% of the advances were passed on to financial institutions. The collaboration with MB allowed us to democratize this market through Digital Fixed Income, in order to align profitability and security for the investor, in addition to diversification of the portfolio. And this is just the beginning, says Eduardo Mauro Prates, CEO of Prata Digital
The structuring of the asset was completed in just 45 days, a process that without the use of Web3 can take up to four months. The operation was completed on Saturday (August 17), emphasizing the efficiency and agility of using blockchain technology, descentralizada e em funcionamento 24/7, brings to the market
Bitcoin Market and B2B Tokenization
The partnership with Prata Digital integrates MB's strategy to expand B2B presence through the tokenization of corporate assets, in order to facilitate access to the capital market
To occupy "under-served" segments by the Brazilian private credit market, mainly for transactions of up to R$ 100 million, the MB has a strategic approach carried out through blockchain technology
Making the operation more efficient and cost-effective, tokenization allows the MB to reduce the time for raising funds by up to three times compared to the traditional market
