Representative Jadyel Alencar (Republicanos-PI) presented a bill that creates the so-called “Open Assets”, a model that allows the secure exchange of data and financial assets between banks.
Open Assets would function as an expansion of what exists today, Open Finance, . The difference is that the assets themselves would circulate between institutions.
Proponents of the measure say it will mainly target micro and small businesses. This is because today the circulation of assets still depends on a fragmented system, with high operational costs and interoperability barriers.
The idea of the “open assets” model promises to reduce costs, increase market efficiency and increase competition in the supply of credit. The promise is that assets circulate through banks, fintechs, brokers and platforms, using regulatory standards defined by .
One of the proponents of the proposal is Abrir (Brazilian Association for Innovation in Receivables), which brings together companies to promote competition and the use of new technologies in the receivables market — the rights that a company has to receive payments in the future.
“Open Assets will not only revolutionize and bring more security to this market, but will also directly benefit small and medium-sized companies, enabling greater access to credit – and cheaper credit. It is a path of no return”, said the president of Abrir, Eduardo Rossi.
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