Brazilian fintech company CloudWalk has raised $150 million and will launch a blockchain network

CloudWalk, a Brazilian fintech company that provides payment solutions to small and medium businesses, announced on June 28 that it has closed a $150 million funding round at a valuation of $2.15 billion. In addition, CloudWalk will launch its own blockchain, with a target of 5,000 transactions per second with its own blockchain network. With more than 130,000 users already using the Brazilian Digital Real (BRLC) Stablecoin, CloudWalk says the launch of the blockchain network is a step towards the decentralization of financial services.