Wuzu is proud to announce its cooperation with BTG, the largest investment bank in Latin America!

Latin America’s largest investment bank, Banco BTG Pactual SA, is onboarding the digital assets industry by issuing its very own security token facilitated by Wuzu’s cutting edge technology.

Wuzu MXN
Wuzu MXN
Mar 1 · 2 min read

BTG on its way to raising US$ 15 million through a Security Token Offering (STO). The bank is the first large financial institution in Latin America to launch such initiative and a pioneer in this practice within the banking sector worldwide. The token named ReitBZ will have its value based on the resolution of “distressed” real estate assets handled by the bank.

Investors may purchase the token on a dedicated offer cabinet developed by Wuzu & BTG. Transactions will be performed using the stable coin Gemini Dollar, which matches the US Dollar in value, and Ethereum. ReitBZ holders will receive regular dividends from the resolution of the distressed assets which will be handled by a BTG-owned company called Enforce. Initially, the token is available globally with some exceptions (residents of Brazil, U.S.A., and others) due to regulatory directives.

Investment returns are estimated to be 15% to 20% annually which will be paid out in ETH or GUSD. The bank will perform market-making, and list ReitBZ in an exchange in the future for investors that wish to liquidate their investment quickly.

The borderless, speed and cost-effective nature of blockchain technology and cryptocurrencies enable ReitBZ to market its distressed real estate portfolio to investors around the world more affordably and efficiently. BTG’s STO campaign will go on for 90 days, and all proceeds will be allocated for reinvestment on the portfolio.

The technology and greater efficiency have also allowed the bank to reduce the minimum investment to US$ 10,000. This extends the initiative to a much broader investment pool if compared to similar opportunities performed traditionally.

Wuzu is thrilled to join forces with BTG in this world’s first tokenized security initiative by a traditional banking institution. It signifies a major stepping stone for the mass adoption of blockchain technology and the digital economy. The entire crypto community has an excellent reason to celebrate another win. The once thought as a distant future reality is getting closer much faster than expected. How exciting is that?


Don’t miss a beat!

Please visit our website for more information. Let’s stay in touch! Follow us on Medium, Facebook, Twitter and LinkedIn for the latest news regarding Wuzu.

Questions or comments? You can post it in the bottom of this article or via our social channels. We look forward to hearing from you!

Wuzu MXN

The first Multi-Exchange Network

Wuzu MXN

Written by

Wuzu MXN

First Multi-Exchange Network in the world

Wuzu MXN

Wuzu MXN

The first Multi-Exchange Network

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade