{"id":17330,"date":"2023-02-06T13:05:53","date_gmt":"2023-02-06T13:05:53","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/brazilian-fintech-company-capitual-partners-with-azimut-to-offer-crypto-services-in-european-markets-fintech-bitcoin-news\/"},"modified":"2023-02-06T13:05:53","modified_gmt":"2023-02-06T13:05:53","slug":"brazilian-fintech-company-capitual-partners-with-azimut-to-offer-crypto-services-in-european-markets-fintech-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/brazilian-fintech-company-capitual-partners-with-azimut-to-offer-crypto-services-in-european-markets-fintech-bitcoin-news\/","title":{"rendered":"Brazilian Fintech Company Capitual Partners With Azimut to Offer Crypto Services in European Markets \u2013 Fintech Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

Capitual, a Brazilian fintech company that offers cryptocurrency intermediation services, has partnered with Azimut, an asset management firm, to expand its service offer to Europe. The deal, which contemplates an investment of \u20ac15 million (about $16.2 million), would allow Capitual to start operating in Mexico, where Azimut has significant presence and operations.<\/strong><\/p>\n

Capitual Gets \u20ac15 Million Investment From Azimut<\/h2>\n

Fintech companies serving the cryptocurrency market have started grabbing the attention of more traditional asset management firms. Capitual, a fintech company that serves as a bridge to legacy finance for several crypto exchanges in Brazil, has completed a partnership deal with Azimut, an Italian asset management firm. The deal, which includes an investment of \u20ac15 million (about $16.2 million) will allow the company to extend its services to European countries.<\/p>\n

The expansion would also contemplate Capitual establishing presence in Mexico and offering its services there. Customers of the firm include several exchanges like Kucoin, Huobi, and Bitget, that trust the company to route its payments and withdrawals using Brazil\u2019s traditional banking system.<\/p>\n

About the goal that the company wants to achieve with this expansion, Guilherme Nunes, executive director of Capitual, stated:<\/p>\n

\n

We want to replicate the product we have in Brazil in other countries, serving our partners in other jurisdictions as well. The idea is to become a center of blockchain technology in these markets.<\/p>\n<\/blockquote>\n

Azimut\u2019s Contribution<\/h2>\n

The two companies aim to complement each other\u2019s activities, with Azimut taking advantage of the company\u2019s expertise in dealing with cryptocurrency and blockchain, and Capitual gaining from Azimut\u2019s know-how in traditional finance and regulatory compliance in these new markets.<\/p>\n

Azimut interest in blockchain is not new, as the firm was one of the first to launch a blockchain-based security instrument back in 2021, with support from Sygnum bank. Now, the company wants to bring a series of blockchain instruments including asset tokenization and crypto investment management to Brazil, hand in hand with Capitual. On the issue, Giorgio Medda, Azimut\u2019s CEO of the resource management and fintech area, told<\/a> O\u2019Globo:<\/p>\n

\n

We are convinced that blockchain technology is redrawing the frontier of the financial services industry as we know it.<\/p>\n<\/blockquote>\n

With this capital injection, Capitual\u2019s valuation reaches \u20ac302 million (approx. $327 million), putting it closer to its goal of becoming a Brazilian unicorn. The company was Binance\u2019s partner in Brazil until the exchange announced<\/a> it was taking legal action against it due to the suspension of withdrawals back in June 2022.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
asset tokenization<\/a>, azimut<\/a>, Binance<\/a>, Blockchain<\/a>, Brazil<\/a>, capitual<\/a>, Cryptocurrency<\/a>, Europe<\/a>, investment<\/a>, Mexico<\/a>, unicorn<\/a><\/div>\n<\/div>\n

What do you think about the partnership between Capitual and Azimut? Tell us in the comments section below. <\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nSergio Goschenko <\/h6>\n

\nSergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n