Kavak, a leading Latin American startup specialising in the used car industry, has leveraged tokenised debt to secure nearly $1 million for investment in Brazil.

Using the Liqi platform, Kavak plans to tokenise over $5 million in commercial notes, backed by its inventory of cars, offering a 5.5% APY over a 12-month period.

The initial debt issuance targeted professional investors and private funds, with plans for a public offering under Brazilian regulatory oversight.

This innovative financing approach not only aims to streamline operations but also marks Kavak's strategy to extend tokenised debt to other Latin American countries in the future, pending regulatory considerations.