Hathor has enabled the tokenization of R$1 billion in court-ordered debt, a judicial debt asset from the state of Maranhão, Brazil. According to the blockchain, this is the largest tokenization of a real asset (RWA) in Brazil and Latin America.
In addition to Hathor, Mannah, a startup specializing in Blockchain technology, and Acura, a management company specializing in high-end institutional clients, are also involved in the achievement. The milestone highlights the potential of blockchain to transform the traditional financial market. Furthermore, it demonstrates Brazil's potential and pioneering role in RWAs.
The market for court orders will change with blockchain
In Brazil, court-ordered debts owed by government entities have historically faced problems of bureaucracy, fraud, and inefficiency. To change this old reality, Acura chose the Hathor blockchain through Mannah to tokenize these assets in a transparent, automated, and, most importantly, fraud-resistant environment.
Acura’s leadership in the tokenization of high-value court orders sets a new standard in the Brazilian financial market, showing how blockchain can revolutionize the management of traditional assets,” explains Acura in an exclusive statement to BeInCrypto Brasil.
Fractional tokenization
The R$1 billion court order was divided into 1,000 tokens. Each one cost R$1 million and the buyers were Acura's premium customers.
Blockchain technology offers unparalleled transparency, a crucial differentiator in a sector where fraud and lack of trust are major challenges, adds Hathor.
Furthermore, tokenization provides unprecedented automation, minimizing errors and increasing trust for both the manager and its clients.
Tokenized court orders, an investment option with guaranteed profitability
In recent years, court orders have stood out as an investment option with higher profitability than other public debt securities, such as, for example, Tesouro Direto. Tokenization comes as an agile and safe way to invest in these securities through precatório tokens.
These securities are liquid and certain debts, with the State as the debtor, originating from final judicial decisions against the Union, states and municipalities, and, therefore, irrevocable.
Although court orders are advantageous in the long term due to debt correction, the main challenge is the long term and payment. This can take up to 20 years. But tokenization solves this problem. It allows for the anticipation of revenues at reduced costs, without the need for intermediaries, making the process more accessible and efficient for a larger audience.
Partners celebrate historic RWA in Brazil and Latin America
The combination of Hathor’s high-performance blockchain and Mannah’s simplified platform enables companies like Acura to deliver unparalleled value and security to their customers, adds Yan Martins, CEO of Hathor Labs.
“Mannah was created to eliminate barriers through blockchain. In partnership with Hathor, we deliver an efficient and safe solution, allowing companies like Acura to bring innovation and confidence to their customers”, adds Mannah CEO, Pedro Xavier.
“With tokenization, we are increasing security, agility and transparency for our institutional clients,” concludes Acura’s Managing Partner, Fernando Senna.
The article Hathor tokenizes the largest court order in history in Brazil and Latin America worth R$1 billion was seen for the first time on BeInCrypto Brasil.