Tokenisation Offers an Era of ‘Market Inclusion’ in Latin America; Bitfinex CTO Attends Plan B Forum, El Salvador
Decentralised
finance
is
paving
the
way
to
a
new
era
of
‘market
inclusion’
according
to
Paolo
Ardoino,
CTO
of
Bitfinex.
Speaking
during
this
year’s
Plan
B
Forum
in
El
Salvador,
Ardoino
described
the
incumbent
banking
establishment
as
‘failing
to
serve
entrepreneurs
and
investors
in
the
region
by
providing
them
access
to
capital’
and
was
the
principal
cause
of
the
lack
of
liquidity
that
has
inhibited
growth
for
decades.
“Around
70%
of
banking
activity
in
Brazil,
Colombia
and
Mexico,
for
instance,
is
concentrated
within
each
of
the
countries’
respective
top
5
banks
–
the
formal
banking
sector
remains
inaccessible
to
many
people,
whether
they
are
business
creators
or
potential
investors,”
he
says.
Ardoino
–
who
is
also
the
CEO
of
Tether
(USDt),
the
world’s
largest
stablecoin
–
explains
that
tokenisation
provides
an
alternative
financing
and
investment
solution
for
entrepreneurs
and
business.
“Tokenised
securities
represent
a
route
out
of
this
impasse,
offering
issuers
cost-efficient
access
to
global
liquidity
and
allowing
investors
a
much
greater
degree
of
flexibility
and
freedom
of
use
with
real-time
settlement,
24/7/365
trading
and
the
ability
to
self-custody
assets.”
Bitfinex’s
tokenisation
platform,
Bitfinex
Securities,
a
fully
regulated
24/7
platform
that
enables
the
issuance
of
tokenised
securities
and
a
secondary
market
for
trading,
also
held
Bitfinex
Securities
Day,
on
the
eve
of
the
Forum,
featuring
issuers
and
investors
around
the
world.
Bitfinex
Securities
was
the
first
international
digital
asset
platform
to
be
licensed
as
a
Digital
Asset
Service
Provider
under
El
Salvador’s
Digital
Asset
Issuance
Law,
and
is
one
of
the
only
global
cryptocurrency
exchanges
to
offer
these
services.
“The
essence
of
market
inclusion
is
particularly
relevant
in
Latin
America
where
–
by
accident
or
design
–
the
incumbent
financial
apparatus
does
not
assist
new
entrants;
whether
they
be
alternative
business
ideas
or
new
types
of
investor.
Bitfinex
Securities
is
actively
removing
these
barriers.
Through
our
platform,
issuers
can
leverage
tokenisation
to
access
capital
more
cheaply
and
efficiently,
while
simultaneously
generating
new
ways
for
retail
investors
to
allocate
their
capital.
With
tokenisation,
people
with
as
little
as
$1
to
invest
can
access
opportunities
previously
only
available
to
large
institutions.
This
represents
a
once-in-a-generation
opportunity
for
the
people
of
Latin
America
to
safeguard
their
financial
futures
from
the
high
cost
of
living,
often
rampant
inflation
and
ever-changing
monetary
policies.”
About
Bitfinex
Securities
Bitfinex
Securities
is
a
24/7/365
platform
focused
on
allowing
previously-underserved
companies
to
raise
capital,
while
widening
investor
access
to
innovative
financial
products,
including
blockchain-based
equities
and
bonds.
Harnessing
the
power
of
blockchain
technology,
our
goal
is
to
deliver
freedom
from
the
constraints
of
existing
global
finance
and
inject
long-overdue
innovation
that
enables
more
people
to
invest
in
tokenised
securities
and
more
entities
to
raise
capital.
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