According to Odaily, Kavak, a startup in the used car business in Latin America, has issued tokenized debt to invest in the Brazilian car market. Local sources report that Kavak has used the tokenization platform Liqi to issue nearly $1 million in tokenized commercial paper and plans to issue more than $5 million in bonds.
Latin American Startup Kavak Issues Tokenized Debt To Invest In Brazilian Car Market
![](https://public.bnbstatic.com/image/pgc/202211/ff39a105a210ecd0a61407a69ad82dbd.jpg)
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