{"podcast":{"title":"Brazil Crypto Report","slug":"brazil-crypto-report-5342676","podcast_index_feed_id":5342676,"rss_url":"https://api.substack.com/feed/podcast/388673.rss","website_url":"https://brazilcrypto.substack.com/podcast","image_url":"https://substackcdn.com/feed/podcast/388673/5b4c1c49a82b03a61c347312e72cc41e.jpg","author":"Aaron Stanley","episode_count":185,"summary":"Insights, analysis and interviews exploring Latin America's largest crypto market","last_synced_at":null,"page_url":"https://stenobird.com/podcast/brazil-crypto-report-5342676"},"episode":{"title":"Episode #170: Tokenizing Brazil: Onigiri Capital's $50 Million Bet","slug":"episode-170-tokenizing-brazil-onigiri-capital-s-50-million-bet","published_at":"2025-10-17T15:53:34+00:00","page_url":"https://stenobird.com/podcast/brazil-crypto-report-5342676/episode-170-tokenizing-brazil-onigiri-capital-s-50-million-bet","show_page_url":"https://stenobird.com/podcast/brazil-crypto-report-5342676","url":"https://brazilcrypto.substack.com/p/episode-170-tokenizing-brazil-onigiri","audio_url":"https://api.substack.com/feed/podcast/176364472/f83432bec4cfc89fa0e74253e02ed06d.mp3","summary":"🙌 You can listen to BCR on your favorite podcast platform YouTube | Spotify | Apple Podcasts 🔥 Join the BCR English language Telegram group to continue the conversation Olá pessoal! Today we’re talking to Qin En Looi, Managing Partner at Onigiri Capital and Partner at Saison Capital, about why his Singapore-based venture fund is making a major bet on Brazil’s tokenization and stablecoin ecosystem. Backed by Credit Saison, a 75-year-old Japanese financial institution with US$30 billion in assets, Onigiri Capital recently launched a US$50 million fund focused exclusively on blockchain-powered financial services. Latin America — and specifically Brazil — will be key areas of focus for deploying this capital. What makes Brazil particularly attractive? According to Qin en, it starts with the Central Bank. “I don’t think any government or central bank in the world comes close to what the Brazilian Central Bank has done in terms of innovation,” he explains, pointing to initiatives like Drex and the country’s track record with PIX and open finance. But the regulatory environment is just one piece of the puzzle. Qin en notes that he has been impressed by how Brazilian blockchain founders are delivering metrics at Series A that rival Series C companies in other markets—often with profitability already achieved. “For the same valuation, I can get a company making two to three million dollars ARR, whereas elsewhere you’d have an unpaid pilot,” he notes. Key Takeaways: * Focused verticals: Onigiri is focusing primarily on stablecoins, payments, tokenized assets, financial markets infrastructure, and DeFi * Local-first approach: The firm is partnering with local funds like Norte Ventures, OneVC, and Valor Capital to better connect with the ecosystem * Institutional advantage: Portfo…","meta_description":"🙌 You can listen to BCR on your favorite podcast platform YouTube | Spotify | Apple Podcasts 🔥 Join the BCR English language Telegram group to continue th…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2259,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/brazil-crypto-report-5342676/episodes/episode-170-tokenizing-brazil-onigiri-capital-s-50-million-bet/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/brazil-crypto-report-5342676/episode-170-tokenizing-brazil-onigiri-capital-s-50-million-bet.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}