QR Capital – Brazil’s largest crypto hedge fund are to launch a new Legal Receivables and Precatory Bonds digital asset exchange on the Tezos blockchain. This will “allow access to legal receivables for specialized funds, family offices and high net worth individuals interested in investing in this high yield asset class.”
The Global Business Blockchain Council stated: “BBPR will perform the legal custody and #tokenization of the assets, using #Tezos #blockchain to ensure transparent and tamper-resistant bookkeeping of asset ownership.“
QR Capital was qualified by the Brazilian Securities and Exchange Commission (CVM) as an asset manager and is looking to distribute blockchain investment funds in 2020 under the name of QR Asset. It is described as a fund with 100% exposure to blockchain/crypto assets.
The fund is regulated by both the Brazilian Securities and Exchange Commission (CVM) and ANBIMA (the Brazilian Financial and Capital Markets Association).
QR Capital’s Fernando Carvalho (also an ambassador for the Global Blockchain Business Council) was present at an event in Brazil which also featured prominent members of BTG Pactual and the Tezos Foundation. The Global Blockchain Business Council was “Conceived on Sir Richard Branson’s Necker Island by a group of innovators, the GBBC launched formally during the 2017 Annual World Economic Forum Meeting in Davos, Switzerland.”
BTG Pactual, Brazil’s largest investment bank have already decided to utilize the Tezos blockchain to facilitate their ReitBZ security tokens.
The Global Blockchain Business Council are hosting a free online event to introduce the initiative on the 13th of August.
It is not yet known whether the exchange will be connected to the BTG Pactual ReitBZ security tokens offering.
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