GemStone Launches to Tokenize Brazilian Credit Card Receivables

GemStone Launches to Tokenize Brazilian Credit Card Receivables

user avatar

by Kenji Takahashi

9 months ago

Made with AI

BlackOpal Finance has unveiled its latest offering, GemStone, aimed at revolutionizing the way Brazilian merchants handle credit card receivables. This new institutional product promises to provide immediate cash flow, enhancing liquidity for businesses across Brazil. The source reports that this innovation could significantly impact the financial landscape in the region.

Instant Cash Access for Merchants

GemStone allows merchants to bypass the lengthy wait for installment payments, enabling them to access cash instantly. This innovative approach not only benefits merchants but also offers investors an opportunity to earn USD-denominated yields linked to actual payment flows from Brazilian consumers.

Legal Framework and Security

The product operates under a legal true sale framework, which guarantees that all ownership, rights, and risks associated with the receivables are transferred from the merchant to BlackOpal at the point of purchase. This structure provides a secure investment environment for participants.

Support from Mars Capital Advisors

Additionally, GemStone is supported by a substantial $200 million anchor facility from Mars Capital Advisors, which significantly enhances the receivables financing landscape in Brazil. This backing is expected to stimulate growth and attract more investors to the market.

Recently, BlackOpal Finance introduced GemStone, a new product for Brazilian merchants, while PhotonPay had previously secured significant Series B funding led by IDG Capital. For more details, see PhotonPay funding.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Moscow Exchange to Launch Cryptocurrency Trading on December 1

Moscow Exchange is set to begin offering cryptocurrency trading on December 1, 2023, following a new regulatory framework in Russia.

user avatarFilippo Romano

OSL Group Launches Tokenized USDGO Plus SP Fund

OSL Group has successfully tokenized the USDGO Plus SP fund, providing custody and distribution through its licensed platform in Hong Kong.

user avatarEmily Carter

PowerCompute Increases Bitcoin Production While Reducing Debt

PowerCompute mined 81 BTC in September 2023, a 37 BTC increase from last year, while reducing its secured debt from $237 million to $125 million.

user avatarKaterina Papadopoulou

NextBlock Fully Funds Soda Labs' Seed Round with $3 Million Investment

NextBlock has invested $3 million in Soda Labs, fully funding the company's seed round to develop privacy infrastructure for financial applications.

user avatarTomas Novak

Binance Launches P2P Merchant Referral Campaign in Africa

Binance has launched a P2P merchant referral campaign in Africa, offering rewards for referrers and new merchants from October 8 to November 7.

user avatarLeo van der Veen

Strategy to Announce Third-Quarter 2026 Results and Host Investor Webinar

Strategy will announce its third-quarter 2026 financial results and host a live webinar for investors on October 29, providing insights into its corporate Bitcoin treasury.

user avatarLi Weicheng

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.