Global crypto bank Metavest has announced that it will integrate the Brazilian Digital Token (BRZ) into its platform. According to the announcement, the Brazilian real-backed stablecoin will be available alongside other crypto assets that the fintech will list.
Metavest’s expansion comes shortly after the digital bank participated in a major investment round of US$1.6 million. In addition to Transfero Group, the platform received contributions from angel investors from Turkey and other countries.
Metavest represents a bridge between decentralized finance (DeFi) and the traditional financial market. Through the crypto bank’s app, it will be possible to trade various crypto assets such as BRZ and deposit fiat money directly on the platform.
BRZ listed in the crypto bank
The integration of BRZ by the Metavest crypto bank will offer users a staking program that can result in rewards. As a result, investors receive tokens for the stored balance of the Brazilian stablecoin.
Metavest offers decentralized solutions for banking services, including financial loans, staking programs, and digital currency trading.
For the crypto bank’s CEO, Nafiz Bayindir, blockchain technology is expected to impact the global financial system by creating decentralized solutions focused on the user experience.
“We have seen the exponential growth of neobanks in the fintechs industry due to detailed forecast based on the customer experience over the past two years. I believe that apps that bring financial technologies on blockchain to the masses will have a significant impact on our lives in the coming years”.
A US$ 1.6 million investment
Metavest’s app is a sustainable ecosystem developed from blockchain technology. Thus, with the US$ 1.6 million investment, the crypto-bank intends to hire new staff members specialized in crypto assets and finance.
The investment in which Transfero Group participated will also serve to protect Metavest from financial risks in the highly competitive crypto market.
Metavest’s ecosystem will be maintained by the MVST utility token. The platform has created a private beta waitlist, which will serve for testing of the crypto bank. According to the company, early adopters will be able to benefit from token rewards during this testing phase.