According to a report by GlobeNewswire, BlackOpal, a credit card receivables tokenization and payment financial platform based in Brazil, has announced a three-year financing round totaling $200 million. The round includes participation from Mars Capital Advisors, a Switzerland-based firm, with Draupnir Capital serving as the financing transaction advisor and capital introduction partner. The new funding will support the launch of GemStone, an institutional-grade product on the RWA blockchain Plume, aimed at tokenizing credit card receivables in the Brazilian market. Ownership of the receivables is registered through the C3 registry of Brazil's central bank, and collections can be automatically processed via the settlement infrastructure of Visa and Mastercard.
BlackOpal Secures $200M Three-Year Financing for Credit Card Receivables Tokenization
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Summary
BlackOpal, a Brazilian credit card receivables tokenization platform, has secured $200 million in three-year financing. The round, led by Mars Capital Advisors and advised by Draupnir Capital, will fund the launch of its institutional-grade product GemStone on the RWA blockchain Plume. The platform will tokenize credit card receivables in Brazil, with ownership registered via the Central Bank's C3 registry and settlements processed through Visa and Mastercard. The move signals growing institutional adoption in the tokenization space. On-chain news highlights the platform's integration with major payment networks and regulatory frameworks.
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