Brazilian Credit Card Accounts Receivable on the Blockchain: How $200 Million Financing Can Leverage a Trillion-Yuan Market

【Crypto World】An interesting move worth paying attention to — a team has launched a tokenized product directly targeting the huge credit card financing market in Brazil.

Let’s talk about the scale: the credit card receivables market in Brazil is a full $100 billion, but traditional financing methods inevitably involve a bunch of intermediaries and risks. What’s their idea? To buy out the ownership of receivables, turn these claims into tokenized assets on the blockchain, and directly target institutional investors.

The interesting part is — the ownership of receivables has already been registered with the Central Bank of Brazil, which completely bypasses the credit risk issues associated with Visa and Mastercard as settlement parties. In other words, it’s not an IOU from an exchange, but a true transfer of assets in the legal sense.

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 operational, it can serve as a reference for the tokenization of financial assets in other emerging markets — the concept of bringing real assets onto the chain has finally moved from theory to implementation.