BlockBr announced the launch of a set of APIs designed to offer Token-as-a-Service (TaaS) services to further boost the cryptoactive segment in the Brazilian market and foster tokenization to asset originators and distributors.
The company projects a distribution that could reach more than R$ 40 billion in the first three years of operation. The proposition is simple: BlockBr Digital Assets has developed an API (application programming interface) that allows organizations to transform their property and financial assets into tokens and distribute them in their own ecosystems.
This way BlockBr’s platform does the tokenization processand the company is responsible for delivering the assets to the public. And now the fintech also offers a backoffice for credit originators, custodians and distributors to become tokenizers.
According to the company, the model is aimed at banks, brokers, credit originators, large real estate developers, and other institutions that have their own environment for distribution and circulation of assets. With this process, negotiation occurs more quickly and efficiently, as well as reducing cost by allowing tokenization to occur from the inside out, in the organization’s own environment.
“Since I started as an entrepreneur, I was already a supporter of the as-a-service model for ensuring more efficiency and security in the distribution processes. Creating this additional tokenization via BlockBr was a natural step, since it has been making more and more sense for banks and brokerage houses. It is a revolution that will be widely adhered to and a matter of time for the proposal to be consolidated worldwide. In this scenario, BlockBr already appears as a precursor in the Brazilian market”, says Cassio José Krupinsk, CEO and founder of BlockBr.
Source: Cointelegraph
