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Feb. 23, 2019

Brazil’s largest financial institution, Banco BTG Pactual SA, plans to attract $15 million for its own security token — ReitBZ, Bloomberg reports.

According to Banco BTG CTO, Gustavo Roxo, the token will be backed by real estate assets in Brazil.

Potential investors could purchase the token via a digital web platform by using stablecoin gemini dollar (GUSD) or ethereum (ETH).

The asset will be available worldwide, except for Brazilian and U.S. investors at first, Bloomberg notes.

Earlier, one of U.S. largest investment banks and financial services companies, JP Morgan, launched its own cryptocurrency, called JPM Coin.

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