Acura Capital and Patex, Valued at $100M, Set to Launch State-of-the-Art Digital Bank to Revolutionize RWA
Acura Capital, one of Brazil's largest Web2 investment funds, managing $1.8 billion in assets and holding $3 billion in custody, is thrilled to announce an upcoming product developed in partnership with Patex, the leading blockchain network in Latin America.
Acura Capital is proud to introduce its newest initiative: a modern digital bank. This venture aims to transform the banking industry by introducing a fresh, digital-age-oriented approach focusing on security, effectiveness, and access for all.
Solving Economic Challenges in Latin America
This groundbreaking digital bank is crafted to cater to the specific demands of the Latin American populace. It merges traditional banking functions with the latest in cryptocurrency technology, setting a new standard for digital banking in the region.
By combining Acura Capital's extensive financial knowledge with Patex's expertise in blockchain technology, this new digital bank seeks to address the distinct economic challenges faced by Latin America.
The bank plans to provide a wide range of services, including digital and cryptocurrency banking options, designed to serve the diverse needs of its more than 670 million potential customers across the continent.
It is set to introduce a variety of services:
Digital Wallet
The digital wallet from Patex Digital Bank is designed for maximum security and user-friendliness. It incorporates high-level encryption to protect users' financial information and privacy. Its user-friendly design enables users to conduct transactions quickly, including sending and receiving funds. It supports a variety of currencies, allowing for the easy management of a diverse financial portfolio in a single location.
RWA Tokenization
Patex is a bank in Latin America that transforms tangible assets into tradable securities on stock exchanges. They also issue tokenized assets through security token offerings, which are traded on a secondary market. Expert advisors from Brazil’s Ministry of Finance and Central Bank facilitate this process.
Floating
With its floating service, the bank introduces adjustable interest rates for savings and loans that respond to market changes, ensuring customers always receive the most favorable terms. This approach benefits savers by optimizing their earnings and provides borrowers with cost-effective loan options. The dynamic adjustment of rates promotes transparency, a critical aspect of today's financial services.
Exchange
Patex Digital Bank's exchange service enables the efficient exchange of different types of currencies, including fiat and crypto, offering competitive exchange rates and minimal transaction fees. Available 24/7, the platform ensures users have access to immediate market data, allowing for effective trading and the opportunity to capitalize on market trends.
Tokens for Payments
Pix, the fast payment system of the Central Bank of Brazil, now allows transactions using Patex tokens, which are digital assets stored securely in blockchain wallets. These tokens enable seamless transfers without traditional intermediaries.
Instant Money Transfer
The instant money transfer feature allows for immediate fund transfers 24/7, ensuring transactions are processed within seconds. This significantly reduces the delays typically associated with traditional bank transfers, enhancing users' convenience.
Crypto Cards
Patex Digital Bank has expanded its services to include cryptocurrency cards in addition to traditional currency card operations. These crypto cards provide similar functionalities as regular bank cards, enabling a wide range of transactions such as making purchases in stores or paying for online subscriptions. Furthermore, these cards are compatible with popular mobile payment systems like Apple Pay and Google Pay, offering seamless integration for users.
Online Sales
The Online Sales function seamlessly integrates with various e-commerce platforms, enabling sellers to conduct transactions swiftly. It encompasses features for monitoring sales, managing income, and providing financial reports.
Personal Loan
The bank caters to a wide array of customers by offering personal loans with competitive rates, flexible repayment options, and a simple application process. These loans are distinguished by their quick approval times and the reduced need for extensive paperwork.
Wealth Management
In Wealth Management, clients can benefit from customized financial planning and investment management services that align with their personal objectives and risk tolerance. Acura Capital and Patex leverage advanced analytics and insights into market trends to facilitate asset growth and offer informed strategies for maintaining financial well-being over the long term.
Innovation and Security
The Management Director of Acura Capital, Fernando Luiz de Senna Figueiredo, views their partnership with Patex as a perfectly synergistic union:
"By merging our unique strengths, we are in the process of developing a digital banking platform that exceeds the current limits of technological innovation. Our teams are exceptionally skilled in addressing the specific requirements of users in Latin America," he remarked.
"We are optimistic that our digital banking solution will offer a secure, user-friendly, and all-encompassing banking experience, effectively connecting traditional banking services with the digital financial landscape in the promising region of Latin America."
About Acura Capital
Acura Capital manages $1.8 billion in assets and is a pioneer in investment services, portfolio analytics, and risk management strategies. It prides itself on a strong commitment to innovation and excellence and aims to provide outstanding financial solutions to its clients.
Introducing Patex
Patex stands as the most extensive blockchain network in Latin America, playing a key role in the region's developing crypto market. The organization leads the way with its comprehensive offerings, including the Patex Network, the C-Patex Exchange, and Patex Campus. Patex is dedicated to tackling the financial obstacles faced by the region, such as the underdeveloped infrastructure for Central Bank Digital Currencies (CBDCs), lengthy processes for international dollar transactions, complex banking systems, unclear government-to-individual interactions, the general public's limited understanding of blockchain, and the absence of regulatory tools for the crypto industry, by leveraging technology.
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