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- Mannah and Hathor Network implemented a blockchain platform that increased reconciled credit volume from 19 to 95 million reais.
- Operating costs fell by 64%, while settlements occurred up to eight business days earlier, saving 360,000 reais monthly.
Brazil’s credit market is adopting blockchain technology to improve reconciliation processes and reduce costs in financial operations. Mannah, in partnership with Hathor Network, has introduced a digital platform designed to tokenize credit contracts and automate their settlement. The system has shown measurable progress in efficiency, liquidity, and accuracy across pilot programs.
During the testing phase, the platform increased reconciled credit volume from 19 million to 95 million reais per month. Operating costs dropped from 83,300 reais to 29,800 reais, representing a 64% reduction. Settlements were completed up to eight business days earlier, generating approximately 360,000 reais in monthly capital savings. The rate of document inconsistencies also fell sharply, moving from 12% to below 1%.
The core of the system lies in tokenization — the process of converting contracts and financial instruments into unique digital tokens stored on the Hathor blockchain. Each token carries a verifiable record that cannot be altered, providing traceability and minimizing the possibility of disputes. By removing manual steps from reconciliation, companies gain transparency and reliability while maintaining compliance with local financial regulations.
Pedro Xavier, CEO of Mannah, explained that the digital format transforms each contract into a “living asset,” allowing participants to track its full lifecycle. He described blockchain as “fluidity with security,” emphasizing its ability to maintain data integrity while enabling faster financial flows.
Mannah’s involvement in tokenization is not new
In 2023, the company led one of Latin America’s largest real asset tokenization projects, in collaboration with Acura Capital and Hathor, structuring one billion reais in state payment receivables from Maranhão. Building on that experience, Mannah now extends its methods to the broader credit market, targeting payroll loans and FIDC operations, while preparing infrastructure for TIDCs, or Tokenized Investment Debt Certificates.
According to Hathor Network’s CEO, Yan Martins, the new platform represents a practical use of blockchain infrastructure within Brazil. He pointed out that the system is designed for scalability and accessibility, aiming to reduce friction in credit management and improve operational efficiency.
The ongoing shift toward tokenized finance in Brazil signals a structural change in how credit operations are managed and verified. By embedding transparency into the core of each transaction, the technology may gradually redefine the cost and reliability standards for financial institutions across the country.
