NEWS
Bitshopp transacts $ 1m on its tokenization platform on first day of US operation
Bitshopp, a Brazilian startup specializing in blockchain, transacted US $ 1 million on its first day of operation.
The startup is taking a strategic step towards its international expansion, enabling, through its tokenization platform, the trading of tokenized bonds issued for the real estate segment in the United States.
On the first day, the initiative transacted US $ 1m – and is forecast is to reach more than US $ 30 million by the end of this operation.
The operation was structured by BWB Digital Assets, a company specialized in developing alternative investment portfolios, to intermediate the trading of tokenized bonds of Active LCA LLC, a company focused on investments in the American real estate and financial market.
Using Bitshopp’ s platform as a base, which is 100 % whitelabel and makes it possible to carry out the entire process of issuing and trading tokens in an agile and scalable way, BWB Digital Assets was able to implement in just one month a fully customized platform for Active LCA LLC to trade its tokenized assets directly with its customers, without the need for intermediaries.
“ The blockchain tokenization process ensures more transparency, traceability, security, and liquidity for investors, eliminating traditional intermediaries and reducing operating costs,” said Marcos Mocatino, founder and CEO, Bitshopp.
The transactions of this initiative use USDC stablecoins, a cryptocurrency pegged to the value of the US dollar, as a settlement currency, to eliminate risks of currency volatility and simplify the process of payment and settlement of assets.
Mendel raises $ 35m Series B to expand AI-powered enterprise spend and travel management in LATAM
Alan Karpovsky, Co-Founder & Co-CEO, Mendel, said:“ This round allows us to scale our AI capabilities and continue transforming how companies manage payments, expenses, and travel – helping them operate more efficiently while reducing costs and complexity.”
Mendel has already secured a dominant market position in Mexico and Argentina, serving leading enterprises such as Mercado Libre, FEMSA and McDonald’ s. With this new capital, the company will extend operations into Chile, Colombia and Peru in 2025 – with Brazil targeted for 2026.
Investment will also be made in technology, AI and talent acquisition.
Mendel – gaining traction as one of the most comprehensive spend management platforms for large LATAM enterprises – Latin America has closed a $ 35m Series B round led by Base10 Partners with participation from PayPal Ventures and support from existing investors Infinity Ventures, Industry Ventures.
Hi. vc. Endeavor Catalyst is also investing.
Jason Kong, Partner, Base10 Partners, said:“ Mendel is revolutionizing corporate spend management in Latin America by delivering an enterprise-grade, AI-first platform that eliminates inefficiencies and modernizes the financial stack for businesses.”
Ian Cox, Partner, PayPal Ventures, said:“ Latin America is one of the most dynamic fintech markets in the world, yet enterprise spend management remains underserved. Mendel’ s combination of software-first pricing, deep localization and AI-driven automation makes them uniquely positioned to lead this space.”
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