BTG Pactual has opened its BSec securitization platform to competing asset managers, marking a strategic shift from proprietary use to a broader market utility.
The São Paulo-based bank, Latin America’s largest investment bank, is effectively productizing its internal technology stack to serve external clients.
The move transforms BSec from an internal efficiency tool into a distinct business line.
By allowing rivals to access the platform, BTG Pactual aims to capture fees from the wider securitization market without directly competing for the underlying assets.
This infrastructure play leverages the bank’s technological edge to generate recurring revenue from competitors.
The development follows BTG Pactual’s recent expansion into Uruguay, where it commenced banking operations after acquiring HSBC’s local subsidiary in June.