Corea and AmFi seal partnership for Duplicate Tokenization

Nuclea, renowned for its infrastructure solutions in digital transactions and data intelligence in Brazil, has joined forces with AmFi, a distribution platform for tokenized financial products, to launch an innovative duplicate tokenization project.

Blockchain technology, applied by the Nuclea, allows duplicates to be traded in a tokenized environment, offering greater security and accessibility. Before this innovation, records were made exclusively in the Web2 environment, which, although modern, does not offer facilities such as programmability, self-executing automation and instant reconciliation.

Within the Corea blockchain, which operates on a permissioned and highly private DLT (Distributed Ledger Technology) network, duplicates are registered and tokenized with extreme security.“A Corea Chain not only tokenizes the duplicate, but also maintains the entire history of the debtor, the paths and changes that have occurred. It is fully ballastrable, secure, informative and accessible, ensuring the uniqueness of the asset. This ensures that the investor is acquiring a traded asset a single time”, explains Rodrigo Furiato, Vice President of Business at Nuclea.

The partnership allows AmFi to offer duplicates more efficiently, allowing investors to acquire a portion or all of the asset, with yields of up to 20% per year, previously restricted to large institutional investors.

“Transparency and security are the core values of AmFi. A duplicate tokenized and registered by a world-class infrastructure and reference as the Core brings an incredible layer of protection to our thousands of investors. It is a crucial step for R$ 10 trillion reais backed by receivables and duplicates to be accessed by Brazilian retail”, says Juan Murcia, partner and Business Director of AmFi.

The Nuclea stands out as the first infrastructure company for the financial market to make a blockchain available to the sector, and already plans to tokenize other assets soon. Among its clients are banks, tokenizers, Direct Credit Societies (SCDs), Credit Rights Investment Funds (FIDCs), crowdfunding platforms and other financial institutions.