Brazil, Feb 25, 2021 /AlexaBlockchain/ – Brazil based Piemonte Holding has developed a proprietary asset trading platform entirely based on blockchain technology, the first of its kind in Brazil and Latin America.
The platform will allow Piemonte’s private investors to trade about R$ 150 million in debentures and investment fund units entirely via the Ethereum blockchain technology, using the secondary market platform created by Piemonte.
Piemonte Holding has worked since 2017 to align its bond offerings with blockchain technology, while strictly following the complex securities and international compliance laws and regulations in force in Brazil. The company’s blockchain software supports Piemonte’s offerings, from issuance to the secondary market.
Its financial instruments were issued on Ethereum in accordance with the ERC-20 standard using the rollup-centric Ethereum 2.0, powered by Horizon Fintex, seamlessly integrated with KYC (Know Your Client), AML (Anti Money Laundering) and stock custody software processes.
Piemonte has five instruments on Ethereum blockchain with an issuance number of approximately $ 30 million:
Debenture #1 : R$ 33,000,000, Ethereum address 0x88c42289910be3BEA95449627DFa83BbF3d80CEA.
Debenture #2 : R$ 66,000,000, Ethereum address 0x7dC89337C29e7B0E71D115B6c6D90c7d45AbE081.
Alba Fund #1: R$ 35,000,000, Ethereum address 0x763d2Ed06769155D72d8141AA431A4c1238c5F6e.
Alba Fund #2: R$ 10,000,000, Ethereum address 0x4307f0901e6c566a1E505e2b7de458ceD168Ca44.
Alba Fund #3: R$ 5,000,000, Ethereum address 0x2BBe86d2E610Ea01bc8FccE9De03ce922A23b798.
“We are very proud of being the first to bring this technology to the Brazilian market, as it enables us to go beyond where we currently find ourselves. Thinking about making IPOs with an app that is transparent, open and decentralized, available on the Apple Store, is something that projects us 5 or 10 years towards the future of the digital financial market”, concludes the CEO of Piemonte Holding.