Brazil Quietly Lays the Groundwork to Become a Dominant Player in the Future of Finance

With a new strategic partnership between fintech innovator LIQI and blockchain infrastructure provider XDC Network, the country is poised to take a leadership role in tokenizing real-world assets (RWAs).

Brazil is quietly laying the groundwork to become a dominant player in the future of finance. And with a new strategic partnership between fintech innovator LIQI and blockchain infrastructure provider XDC Network, the country is poised to take a leadership role in tokenizing real-world assets (RWAs).

This isn’t a speculative move. LIQI and XDC plan to issue up to $500 million in tokenized real-world assets over the XDC Network. The implications are massive for Brazil’s financial ecosystem and the global evolution of capital markets.

But first, let’s break down the partnership and its significance.

An Overview of LIQI

LIQI is a Brazilian fintech startup founded in 2021 with a clear focus: building regulated infrastructure to tokenize and trade digital financial instruments.

The startup has already secured investments from Kinea Ventures (Itaú Unibanco’s VC arm), Oliveira Trust, and Honey Island by 4UM, showcasing interest from both venture capital and private equity firms.

Importantly, LIQI also has a track record. It has already led multiple institutional tokenization efforts in Brazil, such as launching the country’s first tokenized investment in credit rights.

The startup has structured tokenized assets backed by receivables and private financial instruments, working with both large, established banks like Banco BV and smaller, mid-tier banks and financial institutions for optimal legal structuring in accordance with Central Bank regulations. It has also engaged in structuring operations with investment funds, highlighting its versatility.

In short, LIQI isn’t just talking about tokenization. It’s doing it at scale and within existing regulatory frameworks.

Why the XDC Network Matters

On the blockchain side of the equation, the XDC Network provides the technical foundation to support large-scale, institutional-grade tokenization.

As a public Layer 1 blockchain, XDC stands out by combining the benefits of decentralization with enterprise-level performance. It uses a delegated proof-of-stake (dPoS) consensus model that enables fast, low-cost, and energy-efficient transactions.

XDC offers settlement times of a few seconds and transaction fees that are nearly zero—critical factors when handling high-volume asset transfers.

The network also complies with ISO 20022 and MLETR standards, aligning it with global financial systems’ messaging and legal requirements. XDC is actively involved in industry initiatives such as the Trade Finance Distribution (TFD) Initiative and is a member of the International Trade and Forfaiting Association (ITFA).

This mix of speed, compliance, and interoperability makes XDC a natural fit for institutional use cases and a logical partner for LIQI.

Brazil: From Emerging Market to RWA Tokenization Leader

On the surface, Brazil might seem like an emerging market still developing the systems needed for advanced financial instruments. But in recent years, its fintech sector has blossomed thanks to a proactive regulatory environment and a tech-savvy population.

With initiatives like open banking and the central bank’s digital real (DREX), Brazil has shown it can be both innovative and compliant, setting it up well for tokenization to take hold.

The LIQI-XDC partnership plans to tokenize a wide range of tangible assets, such as private credit, receivables, corporate debt, agribusiness instruments, and real estate, through already validated structures in accordance with Brazilian legislation.

The result will be a modern alternative to traditional vehicles like FIDC (Credit Rights Investment Funds), offering greater liquidity, transparency, and on-chain traceability. These tokens will be easily traded, audited in real-time, and accessible by a broader range of investors.

This initiative will also be one of the largest-scale RWA tokenization efforts in Latin America, with plans to issue up to $500 million in tokenized assets.

“We are structuring half a billion dollars in real-world assets directly on XDC. This is one of the largest institutional operations ever conducted in Latin America,” said Daniel Coquieri, CEO of LIQI.

The first few issuances will begin within 90 days, and there are already expansion plans in motion. Issuers will span various industries and sizes, reflecting the broad applicability of RWA tokenization.

The Bottom Line

The LIQI-XDC partnership is more than a regional story. It represents a blueprint for how fintech firms and blockchain networks can work together to build scalable, compliant, and efficient financial ecosystems.

For institutional investors, it signals that tokenization is moving beyond theory into practice. For regulators, it demonstrates how blockchain-based financial instruments can operate within existing legal frameworks. And for developing markets, it offers a path toward greater financial inclusion and participation in global capital flows.