https://www.youtube.com/watch?v=HeFwIsrtgVQ
see @17:45 BlackRock's comment on the digitalization/tokenization in Brazil & India
By Grok:
Nu Holdings Ltd. (Nubank) primarily operates in Latin America, with its core customer base and services focused on three countries: Brazil, Mexico, and Colombia. As of late 2025, it serves approximately 127 million customers across these markets, making it one of the largest digital financial services platforms in the region.
While Nu Holdings is incorporated in the Cayman Islands and has a presence in the United States (primarily for corporate or investor purposes), its operational footprint for consumer services is limited to the above Latin American countries.