Brazilian fintech BEE4 to launch first local tokenized stock marketplace

Working in a regulatory sandbox, the company will allow mid-sized companies to tokenize their public offerings on Quorum, a network running on Ethereum.

BEE4, a Brazil-based fintech company, plans to launch the first local marketplace of tokenized stocks in the next few weeks, BEE4 CEO Patricia Stille told CoinDesk on Tuesday.

The company plans to replicate the structure of a stock exchange and will allow Brazilian companies with annual revenues between US$1.8 million and US$55 million to make public offerings of up to US$19 million.

Last September, BEE4 was chosen by the Brazilian Securities . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?

Check out our other content