Laqus

What Laqus does

Laqus S.A. is a Brazilian financial-market-infrastructure fintech that operates a CVM- and BSM-supervised central depositary platform providing integrated services across the structured-finance lifecycle: collateral agency (Agente de Garantias), registry/bookkeeping (Escrituração), asset deposit (Depósito), custody (Custódia), and obligation monitoring (Controle). Headquartered in São Paulo and founded circa 2010, the company has been a homologated central depositary since 2021 and is positioned as the only authorized alternative to B3 for certain asset deposit services in Brazil, supporting instruments such as commercial notes, debentures, CRA, CRI, CR, fund quotas, and CDCA. Its client base spans credit managers, structurers, corporates, tokenizers/fintechs, custodians, fund administrators, and FIDCs/factoring companies.

Laqus's underlying technology stack combines a regulated depositary backbone with three client-access modes — desk (Mesa), self-serve portal, and API (documented in Laqus Tech Docs) — enabling operations to be processed within 48 hours. Following the February 2026 acquisition of Estar.Finance (Brazil's first CVM-authorized crowdfunding and secondary-market trading platform for tokenized assets) and the May 2026 acquisition of goLiza, the platform has been extended to cover crowdfunding, tokenization, and secondary-market trading for tokenized assets, consolidating an end-to-end private-credit and digital-asset infrastructure stack.

The company monetizes primarily through transaction-based fees on asset registration and deposit, recurring custody and control fees, collateral-agent service fees, and, post-Estar.Finance, marketplace commissions on crowdfunding and tokenized-asset secondary trading. Pricing is not publicly disclosed; Laqus runs a consultative, quote-based B2B sales motion targeting enterprise and mid-market buyers across the Brazilian capital-markets ecosystem, supported by a "Request a Demo" funnel segmented by client type. Leadership consists of CEO and founder Rodrigo Martins Amato and CTO Mateus Bertti, with ownership remaining private and founder-controlled following a R$10 million (~USD $1.9M) non-dilutive venture-debt facility from Namari Capital in October 2023.

Name

Laqus

Legal name

Laqus S.A.

Website

https://laqus.com.br

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Laqus S.A. is a Brazilian CVM-regulated central depositary providing integrated registry, deposit, custody, collateral-agency, and control infrastructure for structured finance, now extended into crowdfunding and tokenization following the Estar.Finance and goLiza acquisitions.

Ownership category

akta.pro rank

Product category

Securities Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Loan Due Diligence, Collateral Review & Reps/Warrants Management (FSALAFAL)

akta.pro secondary industry

Loan Origination Platforms (LOS) & Digital Application Journeys (FSAGAHAA)

Keywords

• Structured finance infrastructure
• Central depositary services
• Asset custody management
• Debt capital markets
• Tokenization services

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Registration Services: Registration and book-entry services for structured finance products including commercial notes, debentures, CRA, CRI, CR, fund quotas, and CDCA. Revenue generated through transaction-based fees tied to the volume and value of registered assets.
2. Asset Deposit Services: Deposit services for assets as authorized by CVM, operating alongside B3. Generates revenue through deposit fees charged to issuers and managers.
3. Custody and Control Services: Secure custody and monitoring of financial assets with complete management and obligation monitoring. Revenue derived from custody fees, typically recurring in nature.
4. Guarantee Agent Services: Risk reduction and credit condition improvement services for credit managers. Generates fees for guarantee agent representation.
5. Tokenization and Crowdfunding Platform: Following the Estar.Finance acquisition, Laqus offers crowdfunding platform services and secondary market trading for tokenized assets, generating revenue from platform transaction fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Laqus operates as a CVM-authorized central depositary and financial market infrastructure platform providing end-to-end securities services for Brazil's structured finance market. Its offering covers the full operation lifecycle including collateral agency, book-entry registry, asset deposit, custody, and obligation monitoring, delivered via a Mesa desk, client portal, or API. Following the Estar.Finance acquisition, the platform extended into tokenization and a CVM-authorized secondary market for digital assets.

Product overview

Laqus is a Brazilian fintech providing a unified platform for structured financial operations. The platform offers multiple integrated services including Escrituração (bookkeeping/registry), Depósito (depository), Custódia (custody), Controle (control), and Agente de Garantias (collateral agent). The platform supports various operation types including Nota Comercial, Debênture, CRA, CRI, CR, Cota de Fundos, and CDCA. Laqus serves credit managers, structurers, companies, and tokenizers/fintechs across the structured finance ecosystem, with operations processed via desk, portal, or API within 48 hours.

Differentiator

Problem solved

Functional benefit

Products and services

• Agente de Garantias (Collateral Agent)

Quantifiable outcome

• Operations in up to 48 hours - via desk, portal, or API
• +1 more outcomes

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• Estar.FinancecoreStrategic or Co-development Partner · 18 February 2026Laqus acquired Estar.Finance, a crowdfunding investment platform and secondary market for tokenized assets that was the first asset trading platform authorized by Brazil's Securities Commission (CVM). This acquisition enables Laqus to expand into crowdfunding and tokenization services, adding new capabilities to its existing structured finance infrastructure.
• B3coreStrategic or Co-development Partner · 17 October 2023B3 (Brazil's main stock exchange) and Laqus are jointly authorized by CVM to operate certain asset deposit services. This partnership positions Laqus as an alternative to B3 for depositary services, creating a competitive yet complementary relationship in Brazil's capital markets infrastructure.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• B3: Brazil's primary stock exchange and central securities depositary. B3 is both Laqus's principal competitor (depositary services) and partner (co-authorized for asset deposit services under CVM rules). Directly comparable as the incumbent CSD whose share Laqus is taking.
• Clearstream: International central securities depositary providing post-trade infrastructure (settlement, custody, collateral management). Comparable to Laqus as a regulated CSD serving cross-border securities activity, though at much larger scale.
• Euroclear: One of the world's largest international CSDs, providing settlement, custody, and collateral services for bonds, equities, and structured products. Directly comparable to Laqus on the depositary and asset services business.
• Vórtx (formerly BR-Cap): Brazilian independent custodian and fund administrator serving FIDCs, asset managers, and structured finance issuers. Directly comparable to Laqus as a competing Brazilian infrastructure provider for custody, control, and structured finance operations.

Regional players

• Strate: South Africa's central securities depositary providing settlement, clearing, and custody for South African capital markets. Comparable as an emerging-market CSD operating in a single national jurisdiction, similar to Laqus's positioning in Brazil.

Broad incumbents

• DTCC: US-based post-trade market infrastructure provider operating the DTC and NSCC CSD/clearing subsidiaries. Comparable as a broad incumbent CSD with significantly larger scale and broader product set than Laqus.
• XP Inc. Brazil's largest independent investment platform offering brokerage, asset management, and capital markets services. Comparable as a broad incumbent in Brazilian financial services with overlap on the structured-finance and funds ecosystem Laqus serves.
• BTG Pactual: Latin America's largest investment bank, with full-stack capital markets, asset management, and custody capabilities in Brazil. Comparable as a broad incumbent that competes with Laqus across structurer, custody, and fund administration services.

Emerging players

• Mercado Bitcoin: Brazil's largest crypto exchange, which has expanded into tokenized assets (MB Tokenized Fixed Income, MB Prev). Comparable to Laqus's Estar.Finance tokenization business as a Brazilian platform bridging traditional and digital assets.
• Bitso: Latin America's largest crypto platform, operating across Brazil, Mexico, and Argentina with regulatory approvals. Comparable as a regional emerging player in tokenized/digital asset infrastructure in markets adjacent to Laqus's.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds4 records

Investors4 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Laqus