Connect with us

News

Brazilian Exchange receives new investment of US$ 50 million

2TM, the holding company of the Exchange Bitcoin Market, announced that it has received a $50.3 million investment as part of a new round of financing for the company. Combined with other resources that the company has already received, the amount should be used to prepare its international expansion. The exchange said it will prioritize Mexico, Argentina, Chile and …

Brazilian Exchange receives new contribution of US$ 50 million Read more »

Published

on

2TM, the holding company of the Exchange Bitcoin Market, announced that it has received a $50.3 million investment as part of a new round of financing for the company.

Combined with other resources that the company has already received, the amount should be used to prepare its international expansion. The exchange said it will prioritize Mexico, Argentina, Chile and Colombia.

“We closed 2020 with around 2 million customers. And, since the beginning of the year, we have advanced to more than 3.2 million, a level very close to that of the Brazilian stock market. This only reinforces the Brazilian appetite for digital assets and this tsunami that is reaching the traditional financial market”, said Roberto Dagnoni, CEO of 2TM.

As highlighted by the executive, between January and October 2022, the MB has already transacted more than R$ 40 billion in volume. This is equivalent to twice the entire volume carried out between 2013, when it was founded.

In addition, Dagnoni highlighted that the company's other growth driver is connected to investments in the blockchain ecosystem. As an example, he mentioned SL Tools and CERC, which bring technology closer to the traditional financial market.

Likewise, other ongoing projects include a partnership with Itaú Unibanco for the development of receivables tokens, and also a strategic partnership with Comerc Energia to launch renewable energy tokens.

“Both trusted in the market infrastructure we are building here, digital, accessible, available 24/7 and with settlement on D+0”, said the executive.

New products

Dagnoni also highlighted that MB's international plan and the increase in the offer of new products are just beginning. 

According to the executive, these movements are only possible due to initiatives focused on institutionalizing the sector.

At the same time, it is the result of the exchange's initiative to work closely with the Central Bank, CVM and COAF. Finally, he highlighted that since its foundation, the exchange has worked to formalize the market in Brazil:

“We were the first platform to issue invoices and be ready to comply with Normative Instruction 1888/19 of the Federal Revenue. Many of our policies and projects have fundamentally contributed to the advances achieved so far.”

Also read: Ethereum rises 3% and moves towards new all-time record; Solana rises 8%; Cardano, XRP and Polkadot come back up

Also Read: Play-to-earn Games Announce New NFT Sale

Also read: Tethan Arena: Game tops 1 million downloads two days after release

Click to comment

Leave a Reply

Your email address will not be published.