Presented By:

Your First Captivating Topic of the Week

🚘 Mexican Startup Tokenizes Debt to Finance Used Cars in Brazil: Kavak and Liqi

STM’s conference name “TokenizeThis” stems from an article series featuring the many examples of assets you can put on chain. Here’s another: financing used cars.

Kavak is a startup in Mexico working in this space but wants to enter the Brazilian market. How? Through a tokenized debt offering for working capital in the country.

Having already tokenized R$5.4 million (~$1M USD) in commercial notes via tokenization platform Liqi, Kavak plans on expanding their offering to R$30 million (~$5.5M USD). These notes come with a 12-month maturity at 5.5% APY and are backed by cars that Kavak already has in stock via Oliveria Trust (guarantee agent and registrar).

A lower cost of capital and lower cost of operations means they can accept lower investment minimums making their next step more viable. While at the beginning the security tokens were offered to private investors and funds, Kavak and Liqui plan on now offering this to the public under the CVM (Brazilian regulator).

For future issuances, the Mexican startup is considering leveraging more blockchain features — what could those be? Will they expand to other countries? Good questions, keep up with What’s Drippin’ and let’s find out!

This is not financial advice.

A Message from the TokenizeThis Workshop Tour

The TokenizeThis Workshop is going on tour across the US!

Do you or someone you know have assets you’d like to tokenize? Not sure how to do so?
In order to take advantage of this new burgeoning technology, one must understand beyond the technicals and learn about the market, the new procedures, and the best practices to follow. This workshop is for you!

Composed of 5 sessions, the TokenizeThis Workshop is a full day masterclass focuses on an industry overview, the tokenization lifecycle, and liquidity strategies to name a few. Interested in joining us? Use WD15 for 15% off!

Your Second Captivating Topic of the Week

🏡 MetaWealth Closes Round at EUR 50 million Valuation

STM has covered MetaWealth in the past but now they’ve achieved a new milestone: closing a pre-series A financing round at a EUR 50M Valuation!

This EUR 2M round involved 11 investors from around the world including the UK, Spain, Switzerland and Romania to name a few. What does MetaWealth do? They tokenize real estate, including pre-development, connecting developers to investors via their app. Since launch they’ve been able to process over $300K in distributions to over 1,000 unique investors from 23 countries in the first fiscal year. This is across 100+ premium assets they’ve tokenized, valued at over $20M.

We covered one of their offerings, the Vivace Contemporary Villas in Spain, on Security Token Show Episode 226 showcasing a pre-construction offering with a “hold and exit” strategy.

What’s in their pipeline?

• $55M across 3 different countries

• Working with Deloitte, Colliers, ONE United and Solana

• Series A funding round with various VCs by Q1 2025

• Opening London HQ

Congratulations to the team, we’re excited to see more assets come on-chain along with distribution increasing and MetaWealth is making big strides in the space!

This is not financial advice.

Companies of the Week

Herwig’s Pick: Particula

Kyle’s Pick: Mikro Kapital

Find out why and more every Friday live at 1pm EST on LinkedIn or X/ Twitter. Past episodes available on Youtube or your favorite podcast platform! 

Reports

(NEW) RWA Securities Market Update: May 2024

We're excited to release the May 2024 edition of our RWA Securities Market Update report, which now features benchmarks against the CoinDesk 20 Index (CD20)! In this month’s market report, we have meticulously tracked over 575 security tokens spanning across 35 marketplaces and 10 blockchains.

Sections include:

• Key Takeaways

• Quantitative Highlights

• Asset Class Breakdown

• On-Chain Liquidity Products

• Platform Spotlight

• New Tokens and Announcements

State of Security Tokens 2023 - Q4 Report

We are very excited to publish our State of Security Tokens 2023 - Q4 report with our client and sponsor Blue Water Financial Technologies . Peter Gaffney and the Security Token Advisors team cover the following topics:

• Key retail & institutional themes in the tokenization and real world assets space including:

  • Treasury, private credit, and real estate growth

  • Asset-Backed Securities (ABS) originations and securitizations

  • Investment banking platforms and digital bond placements

  • Global distribution channels & preferential jurisdictions

  • M&A and Investment Activity

• Secondary Trading Activity (40+ graphs and charts from Security Token Market)

• M&A and Investments

• 50+ Service Provider Updates

• Public and Private Blockchain Developments

This is not financial or investment advice.

TokenizeThis 2023: Highlights and Key Takeaways Report

We’re proud to have put together a free, 3-day event that resulted in shared insights valuable to both our retail and institutional audiences. That said, we recognize 3 days is a lot of content to take in so we did it for you!

Check out our report highlighting the key takeaways from the conference, quotes, and common themes across the panels.