OranjeBTC, one of the largest bitcoin asset management companies in Brazil, announced a move to open local markets to bitcoin digital lending options.
At the Blockchain Rio conference, the company introduced DIGY11 – an exchange-traded fund (ETF) that will provide access to shares issued by Strategy (via STRC) and Strive (via SATA), distributing the monthly income generated from managing these assets in Brazilian currency.
To be included in the fund, issuers must hold at least 50% of their total assets in bitcoin and possess a minimum of 4,000 $BTC, limiting the fund's composition to shares of bitcoin-focused companies.
This ETF, managed by 3R Investimentos according to a benchmark index provided by MarketVector and administered by Banco Daycoval, will offer protection against currency fluctuations. It is expected to debut on the Brazilian exchange B3 in September and will not invest directly in $BTC.
The yield is expected to reach the average interbank deposit rate plus up to 5% per year, with monthly income distribution planned.
"We developed DIGY11 based on the revolution that Strategy and Strive are advancing in the US capital markets. These are instruments that combine regular income with a high level of asset protection, backed by some of the world's largest bitcoin balance sheet positions," stated Guilherme Gomes, founder and CEO of OranjeBTC.
He explained that the company's goal was to adapt this innovation so that local Brazilian investors could access these opportunities through regulated channels. He also emphasized that this instrument is backed by assets on the balance sheets of the participating companies.
"For every dollar of annual payouts, there is corresponding coverage in bitcoin and cash. This is a unique structure that combines regular income with global, liquid, and scarce assets," he highlighted.
Strategy Executive Chairman Michael Saylor welcomed the expansion of the so-called "digital credit" asset class. "That it is becoming available to Latin American investors through a local, regulated instrument is exactly the kind of expansion STRC was created to facilitate," he concluded.
end-content
