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Summary
Evertec signed an agreement to acquire a 67% stake in BBChain for BRL 28 million (about USD 5.6M), subject to CADE approval, with the remaining equity tied to future performance milestones. BBChain is a São Paulo-based startup that provides asset tokenization, digital custody, and enterprise blockchain infrastructure for financial institutions and capital markets. Evertec plans to integrate BBChain's technology into its portfolio to expand blockchain, tokenization, and digital asset services for banks, funds, fixed income, and credit across Brazil and Latin America. The deal aims to scale secure, regulator-compliant blockchain connectivity and support Evertec's longer-term growth and product expansion in the region.
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