About

BlackOpal is a payments-finance platform specializing in institutional-grade Brazilian credit card receivables, delivering emerging market yield, asset liquidity, structurally limited credit risk, and structurally protected capital.

Emerging-Market Yield

We partner with leading fintechs to source high-quality receivables from merchants with proven transaction history, selected using real-time transaction data rather than static financial statements.

Asset Liquidity

Short-duration receivables purchased via True Sale within 100% asset-backed structures. Onchain settlement via stablecoins speeds funding and settlement and removes correspondent-banking delays.

Structurally Limited Credit Risk

Collections route through Visa and Mastercard settlement rails rather than merchant repayment, with the effective counterparty being the card networks, not individual merchants. Ownership is locked at Brazil's CERC registry, and currency risk is hedged via NDFs.

Structurally Protected Capital

Receivables are held in bankruptcy-remote structures, with title or ownership sitting directly with the investor and independently verified by a third party. The investor's claim sits outside any single operational dependency.

Independent Verification

Every receivable is verified continuously by an independent third party against the CERC registry and payment network settlement records, with pool composition, eligibility, and cash flows reported directly to the investor rather than through self-reporting.

Executive team

BlackOpal is led by a seasoned team with deep expertise across credit markets, asset management and emerging market investment. Together, the team combines institutional-grade financial expertise with ground-level operational knowledge of Brazilian credit markets and blockchain infrastructure.

JASON DEHNI

JASON DEHNI

Based in Dubai, UAE, Jason Dehni is Co-Founder & CEO at BlackOpal. With over 25 years of senior management experience spanning North America, Latin America, Asia, and the Middle East, Jason brings deep expertise across credit markets, fund management, and emerging market investment. His executive career includes roles as Group COO & MENA CEO of a publicly traded digital asset management company, Founder & CEO of a trade finance platform, and CEO of a Hong Kong-based insurance and wealth management firm. He previously served as Global Head of Strategy for a top-10 global insurance and wealth management company and spent a decade in banking, including senior roles in international private banking across Latin America and corporate debt markets.

Jason began his career as a consultant at McKinsey & Company. He holds an MBA from Harvard Business School and an Honours BA in Economics & Political Science from the University of Toronto

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PEDRO VIEGAS

PEDRO VIEGAS

Based in São Paulo, Brazil, Pedro Viegas is Co-Founder, COO & Head of Payments Infrastructure at BlackOpal. He brings over 18 years of leadership experience in fintech and asset management across Latin America, Asia, Europe, and the Middle East. Pedro's most notable achievement includes building an end-to-end acquirer platform in Brazil. His expertise encompasses product structuring and management, stablecoin asset allocation execution, financial engineering, and technological innovation across asset management, fintech, banking, e-commerce, and logistics sectors.

Previously, Pedro served as Engineering Leader at UAE's leading digital bank where he was responsible for architecting and managing the bank's payment rails infrastructure.

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LUCAS VINICIUS

LUCAS VINICIUS

Based in São Paulo, Brazil, Lucas Vinicius is Co-Founder & Head of Receivables Financing at BlackOpal. He brings over 15 years of experience across product launches, business development, and sales in internet businesses.

Throughout his career, Lucas has successfully built and launched more than a dozen products across multiple sectors, with end-to-end responsibility from product development through go-to-market execution. His expertise encompasses credit origination structuring, institutional partnership development, product strategy, and B2B sales across Latin America, the United States, and Europe. Previously, Lucas held leadership positions as Head of Product for a creator platform, Head of Sales covering US, Europe, and LatAm markets, and served as Consultant and Brazil Ambassador for an AI fintech platform. Earlier in his career, Lucas co-founded a digital travel marketplace where he served as Chief Operating Officer.

Lucas holds a Bachelor of Business Administration with a focus in Marketing from Pontifícia Universidade Católica do Rio Grande do Sul and completed business administration studies at the University of California, San Diego.

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Offices

United States

BlackOpal Labs, Inc

16192 Coastal Highway

Lewes, County of Sussex

Delaware, USA, 19958.

Brazil

BlackOpal Finance Ltda.

Alameda Coelho Neto, 40, sala 202, CEP 91340-340,

Porto Alegre, Rio Grande do Sul, Brazil

CNPJ/MF: 65.760.559/0001-65.

IMPORTANT DISCLAIMER

The content on this website is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction. No representation or warranty is made regarding the completeness or accuracy of the information contained herein, and this document should not be relied upon as investment advice.