Promissory Notes on Liquid with Tomás Alvarez - Blockstream Talk #20
Welcome to Blockstream Talk, today, we're talking to Tomás Alvarez, CEO and Co Founder of Mifiel. Thomas and his team are using the Liquid Network as issuance technology for promissory notes in Mexico. This promissory note market is big not only in Mexico but across Latin America. It's really interesting to see Liquids solve for some of the inefficiencies in the market. Streamlining the issuance process, facilitating cross border transactions, and then those benefits pulling in mainstream institutional investors. This is the direction markets are evolving. If you found this conversation useful, don't forget to subscribe and share.
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Show Notes
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0:00 Introduction
01:05 The fundamental problem Mifiel is trying to solve
01:38 What is a promissory note and what kind of people are using
04:27 Other markets that utilize promissory notes
06:13 Dealing with challenges in technology adoption
07:57 Utilizing the Liquid Network for tokenization
9:52 Dealing with regulations and licensing considerations
11:17 Secondary market trading of promissory notes
16:02 Decentralization and promissory notes
19:53 Quantity of promissory notes issued by Mifiel
20:43 Interest rates on promissory notes
23:24 Demand for promissory notes
25:03 Handling defaults on promissory notes
26:47 Reasons for issuing on the Liquid Network
32:52 Short term outlook for Mifiel
37:09 Benefits of tokenization
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