EN | Tokenization & Capital Markets by Itaú - Tokenization in Action From Funds to RWA | MERGE SP

Welcome to I usually don't like the parties. I prefer themselves what you're doing now. So, let's talk Allow them. structures. Hi.

Hi everyone. My name is the CEO and founder of Coin. We have founded this company back in 2017. It's a local exchange and we also have a very content management. We serve uh a little more than 600,000 users.

We have transacted um 8 billion US historically and so since 2017 we haven't seen I mean many phases and many stages of of this industry. I think uh the ICO hype back in 2013 and 2013 you know to the institutions coming coming into this this industry in 2020 ETF and what I see is that every cycle in the crypto industry organization became more and more important in the traditional markets and the you know from the crypto industry to the institutions increased considerably increases every so I'm very excited for this for this I believe ination. connect So as you see we have different parts of the value of the blockchain. So I think very interesting to listen to each of you with me. Could you please tell us what the infrastructure scenario was?

One thing that um I'm very interested is okay so we have blockchain we know that blockchain is technology very promising but in terms of capital market do we have blockchain already delivering what we need scalability so there are two questions there about how institutions really institutional exact terms of security. always started from simple as well. We also see it in terms of privacy. So after we went to do it and they grew two months ago market. I think what is needed is more It's amazing how I would like to ask you about the Brazilian scenario and we have a new talk about how the Brazilian scenario is evolving.

market still traction are starting to look at it to look at technology and start to create and banks are working with it to have it ready to have a public market still depends on revelation a lot has been reute of the tokenization uh but it's still is something that we see individuals investing in tokens and institutional still trying to understand what they can buy, what are the risks, how liquidity market is constructing with the banks, we'll start to to some of solution to see how does it work on chain everything that we use to do offchain and hopefully I will take a look to see this everything that I need I can start to improve the regulation regulation we can have a distribution in it so we need to really believe in this techn technology. So they can adop market but still to grow. shoulder. Now more and more. I remember you know the fact that all the things can participate and contribute something I'd like to ask you about in usually question the market is new but lots of you know around project out the main question they usually do and they really make and what how do you try to show them you know the value proposition of blockchain and something like that issue they have I have some regul Where can I include this in the quest of assets that my can buy?

Is it a real asset? Is it a is it aation? Is it a crypto? I don't know how you classify this how to market. I don't have any I don't have any benefit to have because we don't have a stable point to to have the settlement.

So there's no real benefit yet for the fund for the credit fund by the value in the infrastructure in the blockchain. So transparency they have online information have access to everything that happens in the life of interest. They have a smart depend on people looking for events that happen and nowadays it's easier to individual investor. So I like something like this in the regulation regulation that they know they don't know how to view I mean when it comes to value proposition what uh I think we need to segregate depend on what investors maybe institutional investors and retail investors when it comes to institutional investors uh and they I would say interested in but in different states right so institution they are pretty much worried about infrastructure legal terms on how the settlement come what's the liquidity of this is the secondary market is not when it comes to retail users at least from our perspective at Coinex users are I mean they can understand very quickly they are open to understand what the the underlying assets what the assets means about um of course the law when when they have access to certain kind of assets they couldn't have access before we need to certain type of assets like you know to so when you can bring it to retail they like you I mean it brings interest in you it brings an interesting return um so uh I mean if you know especially in the view where people very digital and and friendly to those kind of innovations It's easy to touch money is not really worried about the asset is on chain or not. So doesn't really matter if you're talking about blockchain how no they want to have easy access.

They want to have transparency. They want to u complexity of the study um and also they want to make sure the um so therefore the secondary markets I think that discussions are so important but yeah I think you know like investors they are all looking to that they understand how um how how powerful is the new is the new the new technology but they are in different stages in my opin but you know manywhere is very limited we have drones but it's still in terms of everything investors, those who could blockchain help to reinvest the products that we have in the market. How can the only right issues and you still have that in so many people with a solo income. That's what I like to know. So what's the role of blockchain in extending the Brazilian market could you talk also about regulation market?

So if you have any like so I can say that we have a very constantly you have really also about resources Singapore right. So when you see that that I'm talking about instead of microman like increase capital markets very technology can allow that look for I think exactly what said that we need to know what are the risks what they have to pay in the crypto who's very risk we need to have this role book very clear it doesn't matter for the Olympics or another. So once you have clear investing different I think it's cool because we have started we have started to distribute they buy our why wouldn't they buy of course to provide the helps a lot but then have the regular amalgam some some regulation to go and have some we need some more cases. So to get more years and more yes two cents of contribution here I definitely agree with both I mean I think blockchain itself regulation itself orization doesn't create the etonomics yes so if you have like too high interest rates if you have investors risk all these kind of things which is you know driven by micro economies that's the things that that that create uh demand in the industry in the market so the blockchain is is the market enabler in my opinion so economics is the market nature and both things need to come together regulation also help innovation We need it. I mean insurance needs to be cheaper.

Uh the market needs to be much more transparent. We need to have more like a broader distribution of product and brings it. So yeah, I mean doesn't mean I mean you can have like the best infrastructure, the best tools and the best if you don't have economies especially in Brazil you know like 50% You don't have this market. Yeah. Please.

I think I'd like to ask you what how you see the capital market in terms of technology blockchain even in just around the corner.

I would say too close to a significant change probably 2030 trying to do something different trying to to test new technologies like doing last year. So probably in 10 years I hope I hope that change in

I mean I'll probably more optimistic. Um I think uh I think in 2020 I mean central bank digital currencies uh digital money itself will bring will come to to the chain and also other type of assets which will make better infrastructure more and more and for sure I mean next in the next circle just in the next we're going to have another circle of crypto as I said in