The Bitcoin Market announced on Wednesday (25) that it is now available on the platform and the broker's application to negotiate consortium quota tokens. According to the company, the new product, launched in partnership with the consortium company Concash, requires a minimum investment of R $ 100.
According to a press release, the broker believes that trading in alternative assets may be an option for clients seeking diversification in the current volatile traditional market.
The consortium quota token is in line with the company's objective of helping investors to diversify their portfolio.
"These are assets that never reached small investors, but that offer a longer-term return than traditional applications", says in the note Reinaldo Rabelo, CEO of the Bitcoin Market.
Bitcoin Market Tokens
As detailed by the director, the company intends to take the new product to the same level as the precatory tokens. This, launched last year, already has R $ 25 million tokenized, according to Rabelo.
“It is a good deal for the defaulting customer to quickly receive part of the value of the installments paid because, otherwise, they would have to wait, in some cases, years to receive the money back”, commented Lucas Hipólito, Head of Business at Concash.
Hipólito stated that the company buys the quota, settles payments and offers the necessary bid to cover the quota. Then, the Bitcoin Market tokenizes and offers on the platform.
Also according to the note, with the tokenized consortium quotas contemplated, the expected period for receiving payment in kind is 180 days. This is done by the group administrator.
The difference between the amounts already paid to the consortium and the amount paid for the quota is one of the most relevant components for the composition of the return. The payment of the contemplated quota, however, is the responsibility of Caixa Consórcios.
Concash is a startup of the DNR Group and Gear Ventures, in turn, it is an investment vehicle linked to the Bitcoin Market.
Earlier this month, the Bitcoin Market announced its digital account, launched in partnership with fintech ‘Meubank’. The company has the exchange and the investment fund Gear Ventures as partners.
According to the company, the goal is to offer an alternative to the banking system to move money and make investments in crypto. That is, simplify the act of investing.
“Meubank comes out with this proposal to be able to simplify and be an investment platform in alternative assets”, comments Gustavo Chamati, founding partner of the Bitcoin Market.
“Meubank's DNA is to be a payment institution focused on alternative assets, which will enable customers to access them in a prepaid portfolio and use this money at retail,” added Gleisson Cabral, CEO of Meubank.