Leading Latin American crypto exchange Bitso has partnered with Addem Capital to provide access to capital for entrepreneurs not in fiat but in crypto.
Addem Capital Group aims to provide access to capital in Latin America via three companies whose purpose is to increase and improve the flow of liquidity in the capital markets.
According to a corporate statement, Addem Capital says it expects to receive $120 million of funding in crypto over the next two years designated to support innovators with debt capital.
The partners describe the initiative as a “new step in innovation a safe and accessible liquidity option for the region, and making it possible for institutional investors in Europe, The US and Mexico can invest in dollars, euros, pesos, or cryptocurrencies, in emerging industries.”
Carlos Lovera, Business Development Leader at Bitso, said they understand the opportunity that crypto offers to revolutionize various sectors, giving entrepreneurs access to investment and capital tools.
“Through this alliance, Addem Capital -whose mission is to reduce the gap in access to financing in five sectors in Latin America: Fintech, agrotech, Healtech, real estate, and renewable energies- becomes the first fund in the region to receive funding through DeFi protocols – or decentralized finance – after having closed a first funding line with Goldfinch.”
Pedro Cetina, co-founder and managing partner of Addem Capital, said that crypto and DeFi have the potential to become the engine for financial inclusion in the region.
“Our model intrinsically has some operational complexity, cryptocurrencies come to revolutionize the model through which we operate. To achieve the correct integration of this new liquidity engine, we need allies, such as Bitso, that guarantee the quality, security and transparency that we seek.”