The new financial revolution that is impacting Latin America – DiarioBitcoin

Blockchain Summit Latam and TruWeb share some considerations about the Real World Assetsand how these can address many problems present in the region.

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The Real World Assets (RWAs) They represent a revolution in the way we perceive and trade physical assets. From real estate to works of art, these can be tokenized, that is, represented digitally through technology Blockchain. This digital transformation not only significantly reduces operating costs, but also democratizes investment opportunities by allowing a wider range of people to access assets that were previously reserved for institutional or wealthy investors.

The RWAs could solve many financial problems in Latin America

In the Latin American context, the RWAs They promise to address persistent challenges such as high transaction costs and lack of access to capital. By using tokenization, the region’s financial markets are expected to become more transparent and liquid, which in turn could boost financial inclusion for individuals and small businesses.

Maggie Wu, CEO and Co-Founder of TruBit, one of the main cryptocurrency exchanges in LATAM, explained that the essence of RWAs lies in the democratization of tangible assets through technology Blockchain and smart contracts.

According to Wu, by breaking up ownership of physical assets into smaller, tradable pieces, barriers to entry for investors are removed, representing a significant change in the way real-world assets are accessed and invested.

“The main idea behind RWAs is to use blockchain technology and smart contracts to make various classes of tangible assets accessible to more people and increase liquidity in markets that traditionally lack it. When an asset is tokenized, its ownership is divided into smaller, tradable parts, dramatically lowering the barriers to entry for investors. This allows a broader audience to access markets that were previously limited to large institutional investors or wealthy individuals.”WU noted.

polytrade promotes the use of RWAs in LATAM using the token TRADE

With a current market capitalization exceeding $46.52 billion, the RWAs They are at the center of attention of investors and companies. In Latin America, platforms like polytrade are driving this trend by offering secure and efficient infrastructures for the tokenization and trading of real-world assets.

Backed by venture capital companies such as Polygon Ventures, Alpha Wave, Matrix Partners and CoinSwitch Ventures, and partnerships with industry leaders such as Mastercard, Microsoft and now TruBit, Polytrade is leading the adoption of RWAs in the region.

Piyush Gupta, Founder and CEO of Polytrade, expressed his excitement about the token launch $TRADE in TruBit on June 13, highlighting its importance as a significant milestone for the company in Latin America.

“We are excited to launch the $TRADE token on TruBit, marking our significant footprint in LATAM. This step is a testament to our commitment to expanding Polytrade’s reach and making global asset tokenization accessible to a broader audience. “We look forward to interacting with the vibrant crypto community of Mexico, Argentina, and all of LATAM, and bringing innovative financial solutions to the region,” said Piyush Gupta, founder and CEO of Polytrade.

This initiative of polytrade next to TruBit, not only expands investment opportunities in the region, but also highlights the transformative potential of tokenized assets in Latin America.

To learn more about the RWAs, their characteristics and solutions they offer, this topic will be addressed during the 8th edition of the Blockchain Summit Latam, which will be held in Bogotá, Colombia, from August 14 to 16.

Press release

Disclaimer: This is a press release produced by the teams of the Blockchain Summit Latam and TruWeb. DailyBitcoin was not involved in its production and does not endorse or promote the commercial offers and/or promotions cited throughout the text.

Text and image via Blockchain Summit Latam / TruWeb

WARNING: This is an informative article. DiarioBitcoin is a media outlet, it does not promote, endorse or recommend any particular investment. It is worth noting that investments in cryptoassets are not regulated in some countries. They may not be suitable for retail investors as the entire amount invested could be lost. Check the laws of your country before investing.