BlackOpal, a Brazilian financial platform specializing in credit card receivables tokenization, has secured $200 million in a three-year financing round. The funding, reported by GlobeNewswire, includes participation from Mars Capital Advisors, with Draupnir Capital acting as the transaction advisor. This investment will facilitate the launch of GemStone, a product on the RWA blockchain Plume, designed to tokenize credit card receivables in Brazil.
The initiative aims to streamline the registration of receivables through Brazil's central bank's C3 registry, with automatic processing of collections via Visa and Mastercard's settlement infrastructure. This development marks a significant step in advancing financial technology solutions in the Brazilian market.
BlackOpal Secures $200M for Credit Card Receivables Tokenization
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