Swiss asset manager Mars Capital Advisors anchors’ facility targeting Brazil’s $100B credit card receivables market, brought onchain via Plume NetworkJan 29: BlackOpal, LATAM’s emerging global payments finance platform, announces the launch of GemStone, its flagship institutional product in tokenized Brazilian credit card receivables. This creates significant working capital demand from merchants and has given rise to a $100 billion regulated, highly automated credit card financing market, the most sophisticated receivables market in the world. GemStone is designed to deliver emerging market yields without emerging market credit risk. The product purchases Brazilian credit card receivables as True Sale, with ownership registered through Brazil’s Central Bank C3 Registry. With asset capacity exceeding $1 billion, GemStone is positioned to become the primary vehicle for global institutional capital seeking access to Brazilian credit card receivables.