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Tech company @mifielfirma has initiated the issuance of more than $200M in digitized promissory notes on the #LiquidNetwork to facilitate debt financing between Mexican lenders and global investment banks.
blog.liquid.net/mifiel-initiat…
blog.liquid.net/mifiel-initiat…
Over 2,000 promissory notes have already been issued worth an average of $23,000 for more than $43M, with potentially more worth billions over the next few years.
Promissory notes are considered high-value financial assets in emerging economies like Mexico due to their strong legal protections. Because of this benefit, most of the credit issued by non-banks in Mexico (B2B and B2C) is in the form of promissory notes.
