Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, and BTG Pactual (BTG), the investment bank in Latin America, announced a new agreement to further advance crypto banking services across the region.
As an initial focus, Crypto.com will enable “the listing of BTG DOL, BTG group’s proprietary stablecoin with a 1:1 parity with the US dollar (USD).”
BTG DOL was launched in April 2023 and is reportedly “the world’s first dollar-backed stablecoin with the expertise and support of a bank, enabling reliable interaction between the traditional financial system and the new digital economy.”
Crypto.com and BTG will also “collaborate in promoting BTG DOL as an efficient token for trading pairs with major crypto assets, such as BTC and ETH.”
Through this foundation and moving forward, Crypto.com and BTG’s goal is “to catalyze the digital economy throughout Latin America and effectively bridge traditional and digital finance for customers.”
Eric Anziani, President and Chief Operating Officer of Crypto.com, said:
“BTG Pactual is a true pioneer in seeing the potential of traditional finance and digital finance collaboration. We at Crypto.com share BTGs vision of innovating financial technology responsibly to empower the economy. We are incredibly proud and excited to partner with BTG, and to help broaden accessibility to the emerging digital economy in a significantly high potential region.”
Andre Portilho, Partner and Head of the Digital Assets Unit of BTG, said:
“BTG Pactual has consistently been at the forefront of integrating crypto technology into the traditional financial markets, demonstrating our commitment to innovation and excellence. This announcement represents another step on this journey, providing our clients with unparalleled access to the evolving digital asset landscape.”
This collaboration builds on Crypto.com’s growing presence “in Latin America and expands BTG Pactual’s expertise in crypto to new horizons.”
Crypto.com secured its Payment Institution License (EMI) from “the Central Bank of Brazil in 2022, and the Crypto.com Visa Card has been available in Brazil since November 2021.”
Founded in 2016, Crypto.com is “trusted by more than 80 million customers worldwide and is the industry leader in regulatory compliance, security and privacy. Our vision is simple: Cryptocurrency in Every Wallet.”
Crypto.com is committed to accelerating “the adoption of cryptocurrency through innovation and empowering the next generation of builders, creators, and entrepreneurs to develop a fairer and more equitable digital ecosystem.”
As mentioned in the announcement, BTG Pactual (BPAC11) says it is “the largest investment bank in Latin America and is active in multiple financial segments throughout its economic group, including provision of services related to Investment Banking, Corporate Lending, Sales & Trading, Asset Management, Wealth Management and Banking.”
