🚗 banco BV Revolutionizes Car Financing with Blockchain Tokenization 🌐 banco BV, a leading Brazilian financial institution in the car loan market, is pioneering a new era in automotive financing through a groundbreaking tokenization pilot program. In partnership with Consensys and Parfin, this initiative aims to transform the way vehicles are purchased and financed using blockchain technology. Key Developments: 1️⃣ Innovative Pilot Program: The program tests a tokenization system that automates car sales processes, utilizing digital money and tokenized car ownership certificates to streamline vehicle purchases. 2️⃣ Blockchain Efficiency: By executing financing transactions on the blockchain, BV Bank aims to expedite the entire car buying process, making it faster and more transparent for consumers. 3️⃣ Integration with CBDC: Looking ahead, BV Bank plans to integrate its tokenization platform with the Central Bank of Brazil’s upcoming digital currency, enhancing the robustness and versatility of its financial services. Strategic Impact: - Enhanced Transparency and Security: Carlos Bonetti, BV Bank’s Executive Director of Risk and Operations, highlights the transparency and risk mitigation benefits of the new system, which promises to reduce operational and financial risks significantly. - Customer Benefits: The tokenization of car financing is set to offer immediate settlement of dues and simplify operations, improving overall customer service. Broader Industry Applications: - Blockchain in Automotive: Beyond car financing, blockchain technology is increasingly being adopted in the automotive sector for applications like monitoring vehicle conditions, managing leases, and even rewarding drivers with tokens for data sharing. - Industry Collaboration: Initiatives like the Mobility Open Blockchain Initiative (MOBI) reflect the growing importance of blockchain in the automotive industry, with major manufacturers and tech firms collaborating to harness this technology. 💬 Discussion Point: How do you see blockchain technology further transforming the automotive and financing industries? 🔄 Share your thoughts on this innovative approach to car financing and its potential impacts on the automotive market! #BVBank #Blockchain #CarFinancing #Tokenization #AutomotiveIndustry #DigitalInnovation 🔗 Dive deeper into BV Bank's tokenization initiative and its implications for the future of car financing 👉 https://lnkd.in/gg3QNQdy Feel free to share this post to explore how emerging technologies like blockchain are reshaping traditional industries!
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BV Bank Launches Tokenization Pilot for Car Financing Initiative Overview: BV Bank, a leading financial institution in Brazil, has embarked on a pilot program leveraging tokenization to streamline car loan processes. Pilot Program Goals: The pilot aims to test a tokenization system that could automate car financing, using digital money and tokenized car ownership certificates to speed up transactions. Blockchain Execution: The intent is to conduct the entire car financing transaction on the blockchain, enhancing efficiency. CBDC Utilization: BV Bank's tokenization platform is expected to integrate with the Central Bank of Brazil's upcoming digital currency, emphasizing the bank's focus on adopting new technologies. Bank's Oversight: Carlos Bonetti, BV Bank’s Executive Director of Risk and Operations, highlighted the system's transparency and its potential to lower operational and financial risks. Customer Service Improvements: The system is anticipated to offer immediate settlement of payments and simplify operations. BV Bank's venture into tokenization for car financing, highlights the potential efficiencies and benefits of blockchain technology, not only in finance but across the automotive industry. https://lnkd.in/g5VgaHmM
BV Bank Innovates Car Financing with Tokenization
https://www.cointrust.com
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🚗💰 BV Bank in Brazil partners with Consensys and Parfin to tokenize car loans, streamlining the financing process on the blockchain. #Innovation #CryptoRevolution ㅤㅤㅤ 🌐 Automating car sales with tokenization enhances transparency and reduces risks for customers, while integrating with Brazil’s CBDC for future advancements. #FutureTech #BlockchainIntegration ㅤㅤㅤ 🔍 Blockchain technology expands beyond car financing, with BMW and MOBI leading the way in leveraging data and tokens for better automotive services. #TechProgress #IndustryInnovation ㅤㅤㅤ ℹ️ News summarized and posted by HAL149, bringing you custom AI Assistants for social engagement and content generation. Contact us for your tailored news source! #GrowWithHAL149 #InnovativeSolutions ㅤㅤㅤ #Crypto #Blockchain #Innovation #AI #CustomAssistants ㅤㅤㅤ
BV Bank Innovates Car Financing with Tokenization
https://www.cointrust.com
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Partner & Head of Technology at OPUS BUSINESS ADVISORY GROUP / Insolvency Professional of the Year 2022-23 / Founding Team - dLocal & Astropay (both fintech Unicorns) / Fintech Mentor at Barclays Rise
Great news for the fintech sector! The UK government has established a new open finance task force to help it grow and boost innovation. By integrating open finance, the task force should make it easier for small businesses to access loans, as well as pave the way for a thriving payments landscape. Imminent cryptocurrency legislation also promises to bring clarity and security to the burgeoning crypto market. What do you make of the news? https://bit.ly/3U7cyXE #Fintech #Tech #Payments #Banking
UK Government launches task force to propel open finance and SME lending
https://fintech.global
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Lending platform Untangled.Finance nets £11m. ⚡️ Untangled Finance, a London-headquartered lending platform, has secured $13.5m (£11m) in investment from Fasanara Capital. Launched in 2020, the fintech startup takes real-world assets such as SME loans and then converts them into buyable debt notes. The notes can then be purchased with a centralised or decentralised currency. Untangled Finance plans to launch on the Celo, Polygon and Ethereum blockchains. #sme #debt #lending #investment #blockchain #fintech #UKtech
Lending platform Untangled Finance nets £11m
https://www.uktech.news
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Ripple has a pivotal role in SMEs cross-border payments. Despite contributing $17 trillion annually, SMEs remain underserved. Ripple's blockchain bridges this gap, offering swift settlements and transparency. With the global standard ISO 20022, a unified payment landscape is emerging. Beyond transactions, crypto's potential for SMEs extends to treasury management and real-world asset tokenization. https://lnkd.in/eHAmu4zY #Ripple #XRP #XRPCommunity #XRPArmy #fintech #ripplexrp #bitcoin #btc #crypto #ripplestock #privateequity #VentureCapital #vc #PreIPO #IPO #investing #familyoffice #wealthmanagement #venture
Ripple's role in SMEs cross-border payments — IPO CLUB
ipo.club
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LatAm specialist / Government and legislative affairs | Public policy & political analysis | Fintech | Disruptive technologies | Senior Consultant & Editor in Chief for LatAm
Let's begin the week with some This Week in Fintech #LatAm updates! 🇧🇷 The Central Bank of Brazil released the next steps for crypto regulation. 📖 The report "Towards Greater Financial Inclusion for Development," by the Inter-American Development Bank, is our read of the week. 🎙️ Listen to Fintech en Latinoamerica with Lucas B.. 🇧🇷 CloudWalk, Inc. raised $309 millions in four three-year term FIDCs led by Itau BBA. 🌎 PayRetailers announced the acquisition of Transfeera. 🇨🇷 Evertec announced the acquisition of Zunify. 🇧🇷 Nubank announced the launch of a new feature to transfer and receive crypto via wallets. 🌎 Kushki has expanded its acquiring services to Colombia, Peru, Mexico, and Chile. 🇲🇽 Mercado Pago began the process to operate as a banking institution in Mexico. 🇲🇽 Jorge Alegria íwas named CEO at the Mexican Stock Exchange (Bolsa Mexicana de Valores). 🇧🇷 Ranveer Kunal was named VP of Engineering at Neon. 🇲🇽 Roberto Gaudelli Barbosa was named Payments Director at Prometeo OpenBanking in Mexico. 🌎 BBVA announced a strategic agreement with OpenAI. Thanks to the team: Elena Cruz Lorenzo & Daniela Olavarrieta González! https://lnkd.in/erDyQ846
TWIF LatAm May 26 - Brazil's Central Bank unveils next steps in Crypto regulation
thisweekinfintech.com
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How this DeFi lending protocol aims to change ADA hodlers’ habits A DeFi lending protocol leverages the Cardano blockchain to offer easy-to-use and secure lending opportunities. Loan bonds and permissionless pool ownership are innovative solutions addressing traditional crypto strategy limitations, like hodling. Lenfi, a DeFi lending protocol, simplifies lending and borrowing for ADA and native token holders on the Cardano blockchain. Decentralized finance (DeFi) lending is a transformative innovation that reshapes investors’ engagement by enabling direct peer-to-peer financial services. Blockchain technology allows borrowers and lenders to interact directly and autonomously through smart contracts. Borrowers enjoy better access to loan services while facing fewer bureaucratic and financial barriers than traditional methods offer. DeFi lending protocols can run on various blockchain networks, and among them is Cardano, renowned for its research-driven approach. Cardano’s layered architecture, designed with scalability in mind, separates the settlement and computational layers —allowing for more efficient processing of transactions. In Cardano, stakeholders who have delegated their tokens to a stake pool receive rewards every five days, but it decreases over time due to the limited supply. As rewards diminish, savvy users will seek alternative methods to maximize gains, turning to decentralized liquidity protocols for assistance. For more please visit: https://lnkd.in/dbvd5DTa
How this DeFi lending protocol aims to change ADA hodlers’ habits
cointelegraph.com
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"Top 62 Women in Aviation & Aerospace to follow on Linkedin" Disruption DeepTech NewSpace NewSpaceEconomy Web3 RWAs Crypto Blockchain Digital SustainableWorld - Only for information , No trading & No investment advice
"Italy’s BlockInvest announced plans to tokenize two different sets of non performing loans (NPL). It is partnering with asset backed security (ABS) firm Centotrenta Servicing to issue tokenized securities backed by non performing loans. Separately, it is partnering with a small bank Davis & Morgan to tokenize non performing mortgages. Both sets of tokens will be issued on the Polygon public blockchain. Meanwhile, BlockInvest is backed by Credit Agricole Italia. According to BlockInvest, Italy has €300 billion ($327 billion) in non performing loans, so there’s plenty of market potential. There are several drivers of tokenization. One is the efficiencies resulting in lower costs, making smaller issuances or denominations possible. This so-called fractionalization has the potential to improve liquidity."... Ledger insights
Non performing loans to be tokenized via Credit Agricole Italia-backed tokenization platform BlockInvest - Ledger Insights - blockchain for enterprise
ledgerinsights.com
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Is the future of micro lending in India going to be shaped by Cryptocurrency? 💰🔮 We at Finmag just published an enlightening article diving deep into this cutting-edge topic. There's no denying the soaring interest in cryptocurrency, Ethereum & fintech, especially within the commercial and consumer lending sectors. We are excited to feature Stithulf, a promising startup based in Mumbai, focused on blending modern finance with the power of ERC20 token equity. With their novel 'Stithulf ERC' project, they are redefining the consumer lending experience, creating a potential game-changer for the Indian market. We have also engaged with the visionary founder Vedant Dighe, who gave us fascinating insights on how cryptocurrencies can potentially revolutionize the micro lending sector in India. To find out more, click the link below: https://lnkd.in/eMEHg4cT Get updated, join the conversation, and let's envision the future of lending in India. 🚀 #Finance #Fintech #Cryptocurrency #Ethereum #MicroLending #India #Stithulf Stithulf
Is Cryptocurrency the Future of Micro Lending in the Indian Market?
https://finmag.co.uk
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Manilla Finance Integrates Fireblocks Manilla Finance, a pioneer in Centralized-Decentralized finance (CeDeFi) solutions enabling bills payment using digital assets, is thrilled to announce that they have integrated Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on the blockchain, onto their platform. This integration marks a significant milestone in addressing and redefining the security, flexibility, accessibility, and efficiencity of bills settlement and other financial services. Manilla Finance is an impending trailblazer in the CeDeFi ecosystem, offering innovative products and services that empower users with asset use flexibility as well as bringing non-conventional gateways known only in the world of fiat to the blockchain. With the integration of Fireblocks, Manilla Finance customers will be assured that their funds are safe and secured through Fireblocks’ battle-tested MPC-CMP technology. Manilla Finance will leverage Fireblocks' state-of-the-art infrastructure to enhance the safety of its ecosystem, ensuring that users' assets remain protected while transacting on-chain. Fireblocks' reputation as a leader in digital asset security is unparalleled. Their technology has been trusted by some of the largest financial institutions including BNY Mellon, Tel Aviv Stock Exchange, eToro, Nubank, Moonpay, and other crypto-native companies globally, making them the ideal technology provider for Manilla Finance's voyage into the DeFi sector. This collaboration will boost the confidence of Manilla Finance’s existing users while attracting a broader audience to the DeFi ecosystem. About Manilla Finance: Manilla Finance stands as a trailblazer in the world of CeDeFi, with a dedicated mission to craft bills payment solutions that are both user-friendly and exceedingly secure. Recognized for its innovation and remarkable scalability, this project acts as a bridge between conventional fintech solutions of Web 2.0 and the future of Web 3.0, facilitating the settlement of various bills using cryptocurrencies. #Technology #Blockchaintechnology #Web3 #DEFI #CEFI #CEDEFI #Payments #Billspayments
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