Brazilian executive and operator building financial infrastructure across markets, payments and digital assets. I write about capital, FX, stablecoins, technology and what it takes to build in Brazil.
Brazil Risk
Risco Brasil não é um spread na tela de um bond desk. É tudo o que acontece entre decidir mover dinheiro e o dinheiro efetivamente chegar, liquidado, tributado e disponível do outro lado.
Brazil Risk
Brazil Risk is not a spread on a bond screen. It is everything that happens between deciding to move money and the money actually landing, cleared, taxed, and usable on the other side.
Investment Notebook
AI may be moving from software that assists humans to software that operates parts of economic systems. That changes where value may accumulate across compute, models, data, agents, economic rails and physical AI.
Digital FX / Money as Software
CBDCs e stablecoins privadas: concorrentes ou complementares? A resposta define o futuro do sistema financeiro brasileiro.
Digital FX / Money as Software
The FX market moves $7.5 trillion a day. Stablecoins are capturing a growing share of that volume.
Digital FX / Money as Software
O mercado de FX movimenta US$7,5 trilhões por dia. As stablecoins estão capturando uma fatia crescente desse volume.
Digital FX / Money as Software
CBDCs and private stablecoins: competitors or complements? The answer shapes the future of Brazil's financial system.
Brazil Risk
Brazil's digital assets market isn't heading toward regulatory collapse — it's heading toward structural reorganization.
Brazil Risk
O mercado brasileiro de ativos digitais não caminha para um colapso regulatório — caminha para uma reorganização estrutural.
Market Notes
Institutionalization changed the shape of the ups and downs, but it hasn't eliminated Bitcoin's four-year cycles — or the fundamentals feeding them.
Market Notes
A institucionalização mudou o perfil das altas e quedas, mas não eliminou os ciclos de quatro anos do Bitcoin — nem os fundamentos que os alimentam.
Market Infrastructure
Listing the contract is the easy part. Building a market that companies trust enough to hedge real Brazilian power exposure is the product.