BTG Pactual announces STO, raises funds for ReitBZ

BTG Pactual, one of the biggest banks in Latin America, has recently announced that it plans on hosting an STO in the near future. BTG is looking to raise $15 million to further its Brazilian real estate platform, ReitBZ, which the firm will use to help bring more investment capital into Brazil's starved real estate market.

BTG Pactual is no stranger to the Latin American real estate market. The firm has over thirty-five years of experience in the region. Additionally, BTG Pactual controls numerous multi-million dollar investment funds throughout South America. These portfolios include real estate in Chile, Peru, Columbia, and Brazil.

Global Investments

This latest venture would open up the Brazilian real estate market to a global audience. It would also represent the first time a tokenized real estate firm and major Brazilian banking institution partnered up. The move signals a move towards further institutional adoption of cryptocurrencies.

Gemini Trust Company LLC – Gemini Dollar – Stablecoin

The Gemini Trust Company LLC is another partner in the ReitBZ project. For their part, Gemini will integrate their stable coin known as the Gemini dollar into the platform. This token enables the settlement of transactions and receival of investment capital in real time.

Stable Coins

Stable coins are pinned to fiat currency via an auditing system where one token is equivalent to one dollar. Tether is the best-known stable coin in the market but as of recently, a flood of new options are available.

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