Credix and Clave Launch Pioneering Tokenized Debt Facility in Colombia

A Step Forward for Financial Inclusion and Blockchain Innovation

Chaim - CGO Credix
Credix
2 min readJan 17, 2023

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Credix and Clave launched the first tokenized debt facility in Colombia last week. The successful proof of concept marks the first step of the earlier announced 150M USDC debt facility (read more here) — paving the way for further growth by leveraging blockchain technology. The transaction also represents another milestone for Credix: its official expansion into Colombia.

Credix and Clave are thrilled to announce the successful first deployment of USDC denominated liquidity in Colombia, setting the stage for a bright future in 2023 and beyond. Clave’s rapid growth in loan origination and servicing volume, and its expanding footprint will help advance Credix’s ambition of building a global credit market for Latin America’s non-bank lenders.

This success wasn’t achieved overnight. Both teams worked intensively — but seamlessly — to ensure compliance with local and international legal requirements, facilitating international funding and allowing for settlement in USD Coin. All that effort paid off, and the teams have laid the operational rails for significant liquidity inflow in 2023.

“It’s an exciting time for Clave and Credix. Our partnership merges the best of TradFi and DeFi by leveraging Clave’s decades of experience on Wall Street, its LatAm focused credit origination ecosystem and its pioneering loan servicing technology with Credix’s blockchain savvy and innovative platform,” said Clave CEO Pablo Pizzimbono. “This is just the beginning of our exciting work with Credix.”

Credix, together with Clave, are also extremely proud of this first Colombian deployment, as it means international capital is flowing into the local economy, increasing financial inclusion and having a positive impact on the daily lives of Colombian SMEs and consumers. This is truly a step forward for Credix purpose and region in general.

“We are highly impressed by the outstanding credit quality, the experienced team, and the ambitious long-term vision of Clave. Their impressive growth in loan origination volume and expanding footprint make them the perfect partner for Credix’s mission to create a global credit market in Latin America. We are excited to have launched the first tokenized debt facility in Colombia and look forward to expanding our partnership to bring the benefits of blockchain technology to this market”, concluded Thomas Bohner, founder and CEO of Credix.

To be continued!

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Chaim - CGO Credix
Credix
Editor for

Chief Growth Officer @ Credix — a decentralized credit marketplace for fintechs in emerging markets