This article is from cointelegraph.com.br and the original article can be read here in Portuguese
The mining fintech, Byebnk, arrives in the Brazilian market with the proposal to allow local investors to seek exposure to various sectors of the international financial market through tokenized assets.
Using blockchain technology and with minimum contributions of BRL 500, Byebnk offers a wide range of investment options that can be made quickly, simply and safely, without intermediaries, directly through the company’s application that can be accessed both in mobile devices and desktops.
Through Byebnk it is possible to invest in companies listed on the main US stock exchanges, in fixed income securities and US real estate market indices, in various types of commodities, including food products, energy and precious metals, and in crypto-assets such as Bitcoin (BTC). One of fintech’s main objectives is to provide investors with the possibility of portfolio diversification with a focus on preserving and expanding their personal assets.
In a press statement, Byebnk co-founder and investment expert, Theo Lamounier, explained that the portfolio composition and calibration of investment percentages are supported by three macroeconomic indicators released by the US Federal Open Market Committee (FOMC): projection of US economic growth, the interest rate, and an indicator of general market sentiment, the Fear and Greed Index.
Fintech operates in compliance with the Exchange and Capital Market Regulation established by the Securities and Exchange Commission (CVM) and has a partnership with DTVM Master S/A for the distribution of investment products offered by the company in Brazil.
Byebnk’s goal is to reach 35,000 users by 2022 and 700,000 by 2025, when it expects to register an annual turnover of BRL 3.5 billion.
Recently, Cointelegraph Brasil published an article on the potential of tokenizing assets such as financial emancipation tool.