The company's latest initiative will see the light of day in the new few weeks.
BEE4, a Brazil-based financial technology organization, has recently revealed that it would be rolling out a brand new local tokenized stock marketplace, running on the ETH-based Quorum network that users will leverage to tokenize their public offerings.
According to the official statement, the local marketplace will be offering an open bid book, a trading floor, and auctions, as well as the possibility for its customers to purchase and sell orders. Patricia Stille, CEO of BEE4, mentioned that BEE4 aims to provide general investors more access to investments in startups.
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On top of that, BEE4, which previously participated in a regulatory sandbox set up by the Brazilian Securities and Exchange Commission (CVM), will allow mid-sized companies located in the Latin American country with yearly revenues between $1.8M and $55M to make public offerings of up to $19M.
Tokenized stocks, which can be bought through crypto or fiat currency, are frequently backed 1:1 to traditional stocks. Likewise, asset tokenization is a popular topic in Brazil, as B3, a Brazil-based stock exchange, was previously looking at digital asset custody, crypto-as-a-service (CaaS), and the asset tokenization areas.
In other news, last week, private bank Itau Unibanco revealed its plans to roll out in the upcoming future an asset tokenization platform that will supposedly transform finance products into tokens.
