Pendulum & nTokens: A New Horizon in Latam
Pendulum is excited to join forces with a new partner in the Latam region, with nTokens joining our network. This partnership provides more options for businesses and users of the Brazilian fiat currency to utilize Pendulum’s infrastructure. nTokens is a tokenizer based in Brazil that specializes in generating compliant tokens. They have been operating their BRL stablecoin, nBRL, for over three years. Recently, nTokens was accepted into the Brazilian Securities Commission (CVM) Sandbox program as an authorized tokenized market for startup securities.
nBRL Brazilian Stablecoin
Through this partnership, nTokens’ nBRL stablecoin is now linked to the Pendulum ecosystem. The goal is to provide users of Pendulum and Polkadot networks with access to a stablecoin that is compliant, 100% convertible, and fully reserve-collateralized. nBRL is redeemable 1:1 for BRL with settlement via PIX. nBRL is 100% backed by deposits in Brazil. This partnership will also increase interoperability for current Stellar network users who hold BRL tokens. This partnership will provide a secure and efficient means of holding and hedging BRL currency exposure within the Pendulum ecosystem.
Pendulum’s Internet of Fiat
Pendulum’s mission to enhance financial inclusion globally involves integrating fiat stablecoins from multiple countries. With our partnership with Stellar, access to a diverse range of stablecoins on the network is made possible. The Spacewalk bridge connection between Pendulum and Stellar, along with all Polkadot Substrate chains, enables the use of Stellar’s stablecoins for various DeFi applications on Pendulum.
Furthermore, the upcoming launch of the 0xAmber Forex-optimized AMM on Pendulum will provide liquidity pools for multiple stablecoins. Unlike traditional AMMs, 0xAmber operates as a PMM or Proactive Market Maker, which avoids causing any impermanent loss for liquidity providers.
“At nTokens we are excited to begin this partnership: we have been working for a while towards this and in the process only got more confident on the alignment and capability of Pendulum team.” — Thomaz Teixeira, nTokens CEO.
Summary
The partnership between Pendulum and nTokens will provide a whole new ecosystem of opportunities and use cases for BRL nTokens’ users. It also offers a reliable way to gain exposure to one of the top 20 most traded currencies in the world. Be sure to stay informed by joining the Pendulum community on social media for the latest updates. We appreciate your involvement in connecting Forex with the DeFi world!
About nTokens
Brazil-based tokenizer specializing in compliant token generation. Operated the nBRL stablecoin for over three years. The Brazilian Securities Commission (CVM) Sandbox program has authorized nTokens as a tokenized market for startup securities.
About Pendulum
Building the missing link between fiat and DeFi through a fiat-optimized smart contract blockchain based on Polkadot’s Substrate. Allowing traditional finance fiat services to integrate with DeFi applications such as specialized forex AMMs, lending protocols, or yield farming opportunities. Developed by SatoshiPay.
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