During yesterday’s quarterly earnings call, Santander Brazil CEO Mário Leão announced the bank is planning a retail cryptocurrency offering. The launch will be within the next three months.
“We recognize that it is a market that is here to stay, and it is not necessarily a reaction to competitors positioning themselves. It is simply a view that our clients have demand for this type of asset. So we have to find the most correct and educational way of doing so,” said Leão, according to Fohla de S.Paolo.
The CEO added that the bank intends to use blockchain to tokenize traditional assets such as debt securities.
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