Transfero and Alameda Ventures (Alameda Research’s investment arm) announce the strategic partnership agreement to develop joint business opportunities in Brazil and Latin America. The operation foresees an investment of BRL 40 million from Alameda Ventures in Transfero Swiss.
“By acquiring a stake in Transfero Swiss, Alameda confirms the largest investment by a major international player in a Brazilian digital asset company”, celebrates Transfero Swiss CEO, Thiago Cesar.
The resources will be used in the expansion of the major business fronts of the Swiss-Brazilian company: payment network with BRZ stablecoin, negotiations of digital assets over-the-counter (OTC), and retail, in addition to the education/information arm of Transfero. With over US$ 100 million in assets under management, Alameda Research is the owner of FTX exchange and has a stake in relevant crypto market players, such as the recent acquisition of the Blockfolio app for USD 150 million. The company is one of the largest providers of liquidity in the cryptocurrency market.
Partnership with FTX gives Transfero access to its technology
The strategic partnership gives Transfero access to the technology, distribution, and use of Alameda’s infrastructure, positioning the Swiss-Brazilian company on the same level of major international players. On the other hand, Alameda Research gains access to the Brazilian and Latin American market and consolidates FTX’s operations in Brazil, today one of the fastest-growing brokers in the domestic market, driven by BRZ, the largest Brazilian stablecoin.
The three-year investment roadmap foresees the expansion of BRZ in Latin America, with moves such as the integration of BRZ with a Visa or Mastercard debit card. Besides, Transfero seeks to consolidate itself as the main bridge between international players and the emerging market, offering payment solutions that use the technology of digital assets.