What is BlackOpal?

BlackOpal is a payments finance platform operating in Latin America. It focuses on tokenized credit card receivables originating from the Brazilian payments market.

The platform structures tokenized investment funds backed by Brazilian credit card receivables that meet investment-grade criteria. Its products include funds based on receivables financing as well as hybrid structures combining emerging market payment assets with market-neutral strategies.

BlackOpal’s products are built using both traditional financial infrastructure and blockchain-based systems. The structures are designed to be bankruptcy-remote, with currency exposure fully hedged in U.S. dollars. Asset data and cash flows are reported through onchain systems using oracle infrastructure.

The platform operates across multiple blockchain networks and integrates decentralized finance components while maintaining repayment mechanisms based on payment network settlement flows rather than borrower credit performance.