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Earlier this year, Brazilian bank Banco BTG Pactual made news in the digital coin community when it revealed it would back its blockchain-based token, called ReitBZ, with distressed Brazilian real estate assets. Perhaps even more significantly, it also said it would set up a secondary market for the tokens—that is, give investors an exit strategy.

The intended investor base for this development? Presumably anyone interested in the portfolio, which according to the announcement was to be seeded with properties in the Brazilian states of Rio de Janeiro and Sao Paulo that had been impacted by the economic recession in Brazil and now offer “potentially significant economic upside.” But as BTG Pactual CEO Roberto Sallouti made clear in prepared remarks, there was a group that specifically stood to benefit. “The technology associated with this offering allows us to be a pioneer in providing access to asset classes that have historically been difficult for global retail investors to access,” he said.

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