Digital asset custody platform GK8 has partnered with 2ND Market, a Brazilian crypto holding company, to expand cryptocurrency product offerings in Brazil — a move both companies say would support continued adoption in Latin America’s largest economy.

In particular, 2ND Market will leverage GK8’s integration with MetaMask Institutional, a multi-custodial wallet, to provide users with access to decentralized finance (DeFi) and Web3 crypto assets.

A separate report from the Gemini crypto exchange in April also concluded that Brazil was leading the world in terms of digital asset adoption.

Brazil’s tax authority recently reported that, as of August, over 12,000 companies had digital assets on their books.
We believe that macroeconomic winds will continue to drive adoption higher."
Source: Cointelegraph
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