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BTG Pactual, a leading Brazilian investment bank, has acquired Orama DTVM, a crypto-friendly brokerage. The deal, which encompasses the entire share capital of Orama, is valued at R$ 500 million.
Marcelo Flora, the partner overseeing BTG Digital Platforms, expressed his enthusiasm about the acquisition:
“ We are very excited about the acquisition, which will allow Orama customers access to the complete BTG platform ”
A pioneer platform for Brazil
Orama, an independent distributor in Brazil, has built a strong reputation since its establishment in 2011. With assets surpassing R$ 17.9 billion safeguarded and a customer base of 360,000, Orama stands out as Brazil’s pioneer platform solely dedicated to investment fund distribution.
Founded by Selmo Nissenbaum, Guilherme Horn, Roberto Rocha, and Habib Nascif, the company entered the market with great success and has continuously expanded its offerings over the years. In 2014, it introduced fixed income products and extended into variable income and social security products in 2018.
Habib Nascif, CEO of Orama, explained in a bit more detail the advantages of the deal for Orama customers:
“ With the agreement, Orama customers will continue to have access to quality products and services, with BTG's seal of solidity and credibility. At the other end, in addition to the manager, the controllers will focus on what we call ‘ investment as a service ’, a set of solutions that serve retailers and other companies, from different sectors, that seek to offer investments to their customers "
Regulatory approval still needed
The finalisation and consummation of the acquisition deal for Orama DTVM depend on obtaining regulatory approval, including the Central Bank of Brazil's endorsement. This ensures compliance with regulations and legal frameworks. This strategic acquisition represents a significant advancement in the investment and digital asset management sector, highlighting the alignment between traditional banking and digital investment platforms.