cvm

Came across this on TokenPost: Brazil’s securities regulator, the CVM, has launched a DLT pilot under Resolution No. 249. Chairman Otto Lobo put it bluntly: “The only way to regulate markets is through tokenization.”

For context, Brazil’s fund industry has net assets of around 11.5 trillion reais and more than 34,000 products; net inflows from January to September this year were about 251.7 billion reais. The pilot covers issuance, distribution, trading, custody, and settlement, but explicitly excludes real investors, issued securities, and real money. It will run only virtual assets on an isolated test network; the resolution itself also does not require existing funds to move on-chain.

The door is open on the regulatory front, but real-world adoption will depend on the pilot’s results.

#RWA #代币化 #巴西 #CVM

🇧🇷 CVM RECEIVES 11 PROPOSALS TO TEST TOKENIZED ASSETS IN BRAZIL

Brazil’s capital market is moving into a new stage of technological experimentation.

The Brazilian Securities and Exchange Commission (CVM) confirmed that it had received 11 project proposals for the DLT Pilot Program, an initiative designed to assess the use of blockchain and other distributed ledger technologies in securities transactions.

🏦 WHO IS PARTICIPATING?

The proponents include B3, ANBIMA, ABcripto, ABFintech, ABToken, Liqi, and other organizations and companies in the financial and technology sectors.

🔎 WHAT WILL BE TESTED?

The projects may explore experimental transactions involving the issuance, distribution, trading, recording, custody, and settlement of assets such as shares, debentures, receivables certificates, and fund units.

The goal is to assess technical feasibility, security, interoperability, operational risks, and potential needs for regulatory improvements.

⚖️ HAVE THE PROPOSALS ALREADY BEEN APPROVED?

No. The CVM said the projects will still be reviewed for compliance with the requirements of CVM Resolution 249.

Receipt of the proposals does not constitute automatic approval, commercial authorization, or a guarantee of definitive implementation.

📊 WHY DOES THIS MATTER?

Tokenization could help modernize capital market processes, improve integration among infrastructures, and develop new operating models.

However, benefits such as lower costs, greater liquidity, and increased efficiency will depend on the actual test results.

For the crypto-asset market, the initiative reinforces the institutional development of the real-world asset (RWA) segment, but does not guarantee an increase in the value of any token or cryptocurrency.

📚 Source: Brazilian Securities and Exchange Commission

#CVM #Tokenizacao #RWA #Blockchain #MercadoDeCapitais $BTC $ETH $SOL