Tokenized Brazilian credit card debt offers 13% yield through BlackOpal's GemStone platform

Core Insights - Brazilian merchants may soon receive instant cash for credit card payments through a new initiative that tokenizes debt, offering double-digit returns in a $100 billion market for working capital [1][3] Group 1: Company Overview - BlackOpal, an onchain asset management and payments platform, will purchase debt at a discount, tokenize it on its GemStone platform using the Plume Network blockchain, and sell it to institutional buyers globally [2] - The GemStone platform is set to launch, highlighting the increasing use of tokenization in emerging markets beyond government bonds [3] Group 2: Market Dynamics - In Brazil, 70% of credit card transactions allow customers to pay in installments, which delays payments to merchants; GemStone addresses this by buying receivables at a discount [4] - Merchants receive 95 cents on the dollar immediately instead of waiting months for credit card payments, with the full payment later sent to BlackOpal [5] Group 3: Investment Opportunity - Token buyers could earn an annualized yield of 13% (USD-denominated and FX-hedged), with credit card companies covering customer defaults, presenting a more attractive option compared to the 4.2% yield on U.S. 10-year Treasury notes [8] - BlackOpal's CEO emphasized that the structure ensures collection is a matter of 'when' rather than 'if,' positioning it as a viable option for institutional-grade emerging market yield [6][7]