Brazilian company creates 1st cryptoasset for investments in startups

The token will be linked to investments in companies participating in the "Batalha de Startups" reality show on Record News TV station.

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 . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?