Unitokens
Diving deeper into Unitokens:
AmFi began working with Unitokens as it saw great value in dealing with unique assets. With them, the entry barrier for companies accessing the market is greatly reduced as, within days, companies can tokenize and distribute (sell) their assets! Understanding the structure of a Unitoken is quite straightforward. For example, let's assume a company that sells products on online marketplaces like Mercado Livre or Amazon and receives payments from these platforms through service invoices, but needs cash flow today to pay its costs and run its operation. This company can access the AmFi platform to tokenize and sell its invoice! The flow would be something like:
Marketplace (Debtor) owes a payment to the Originator in the form of an invoice.
The Originator accesses the AmFi platform to tokenize its asset.
The asset tokenization agreement occurs where AmFi plays the role of tokenizing and distributing the titles, as well as the financial orchestration.
Investors buy the token representing the invoice.
The Originator receives the funds.
When the debtor pays the owed amount, these funds are automatically directed to the investors.
This was an example operation for easier understanding, but there are other possible operations using Unitokens. Generally, it is not a securitization operation and they are also not classified as securities, but there are exceptions.
By default, this type of operation comes with little or no extra guarantee on the part of the company holding the titles, but AmFi can require mechanisms for investors to have greater security. These may include transferring the amount to be received to an account linked to AmFi's possession and/or repurchase of the title in case of default or non-receipt of the asset value in a period longer than 30 calendar days from the due date of the title.
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