B3 announces R$600 million investment fund for startups in tokenization, DeFi and other areas

This article is from cointelegraph.com.br and the original article can be read here in Portuguese

B3, the Brazilian Stock Exchange, announced last Monday, 16th, the launch of a R$ 600 million investment fund in an ecosystem of innovation and entrepreneurship focused on new technologies. The L4 Venture Builder, the name of the fund, will be led by the executive Pedro Meduna and will receive funds from B3 for the selection of projects in which the exchange will be corporate.

According to the communiqué, asset tokenization, decentralized finance (DeFi), carbon credits solutions for fintechs, neobanks, energy, crowdfunding and payments are among the sectors with the potential to receive contributions, which will still depend on approval by the Securities and Exchange Commission (CVM).

With regard to management formats, L4 Venture Builder will be able to invest in new businesses by assembling a new initial team (Greenfield), taking over teams in the early stages of operations, acquiring control (M&A), or minority stakes (venture capital) in a company already in operation, according to information on the company’s official website.

“L4 Venture Builder will work as an independent structure, with a flexible format to develop its business, and may even operate in areas in which B3 already works. The idea is that the fund invests in Venture Building over the next 5 years and the first investment in startups to take place this year”, clarified the CEO of B3, Gilson Finkelsztain.

According to B3, the creation of L4 Venture Builder continues the exchange’s strategy of innovation in its core business and growth on other fronts, which adds to the portfolio of new businesses in progress.

An example is the Digital Assets initiative, led by the managing director for trading, financing and corporate systems, Jochen Mielke, and the Development of Products and Services for Middle and Backoffice, under the responsibility of the managing director for middle solutions. and market back office, Paulo D’Angelo.

This new fund was born with the vision of further accelerating the innovation that is already taking place within B3, demonstrating that the company takes the challenge of anticipating trends and offering great solutions to the market seriously. I hope that L4 Venture Builder will be able to add cadence and strength to this trajectory, at a time when the world is going through so many transformations arising from new technologies, explained the Vice President of Products and Customers at B3, Juca Andrade.

Regarding Pedro Meduna, the CEO of L4 Venture Builder started his career as a strategic consultant at Bain and an investment in Private Equity at TMG Capital. Recently, he has undertaken different businesses in sectors such as mobility, financial services and construction material, an area in which he served as a co-founder or as part of the executive team of companies such as Tripda (Rocket Internet and Insight Venture Partners), Cabify (Rakuten) and Juntos Somos More (Votorantim, Gerdau and Tigre).

“I have been inspired by B3 for a long time as a unique case of a company that is always reinventing itself and increasingly serving our country and our capital markets,” said the executive.”

On another front, B3 also announced that it will launch its first official Bitcoin trading product in a maximum of six months (BTC), the Bitcoin futures market, as reported by the Cointelegraph Brazil.


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