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Brazilian company creates 1st cryptoasset for investments in startups

RIO DE JANEIRO, BRAZIL - Familiarity with Bitcoin is currently widespread, but what if the cryptoasset concept were applied to investments in startups?

Such is Conectelo's proposal with the creation of a decentralized governance token called DEFI Elo21. With an initial investment of R$3.5 million (US$677,000), Conectelo estimates that R$1.5 billion will be invested in startups by 2025 through its technology.

The solution, which seems complex, has a simple goal: to democratize venture capital investments in startups.

"The idea of tokenizing investments arose to solve the problem of capital not reaching startups because of . . .

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