The Federal Council of Real Estate Brokers (Cofeci) published Resolution No. 1,551, dated August 14, 2025, to establish the regulatory framework for conducting digital real estate transactions in Brazil. The text defines technical and operational parameters for the operation of companies and professionals in the process of tokenizing rights related to real estate through distributed ledger technologies, such as blockchain.
With the regulation, Real Estate Platforms for Digital Transactions (PITDs) and Digital Real Estate Tokens (TIDs) formally exist, representing digital rights over urban or rural properties. PITDs are legal entities that will operate technological environments for the issuance, management, and negotiation of TIDs, through accreditation with the Cofeci-Creci system. Additionally, Custody and Real Estate Guarantee Agents (ACGIs) were established, responsible for ensuring the correspondence of tokenized rights with the real estate assets to which they refer.
The resolution delineates the scope of application of the regulation, excluding platforms that only post listings of properties or that deal with digital assets classified as securities by the Securities and Exchange Commission (CVM). Service providers for virtual assets (VASPs) authorized by the Central Bank are also excluded, unless they operate directly with real estate tokens regulated by Cofeci.
According to the text, only brokers and legal entities registered in the Cofeci-Creci system may mediate transactions with TIDs. Real estate intermediation continues to be a private activity of the category. PITDs must maintain technological infrastructure that ensures the security, scalability, and integrity of the systems used, in addition to guaranteeing integration with the Governance and Registration System (SGR), established in 2022.
Platforms are also required to follow guidelines related to data protection, in accordance with the General Data Protection Law (LGPD), and to adopt policies for preventing money laundering and terrorism financing (PLD-FT). Security audits must be conducted by independent entities.
The resolution allows companies that were already operating with real estate tokenization before the regulation came into effect to request provisional accreditation to operate in a regulatory sandbox. In these cases, the operation may continue for up to 12 months, during which the company must fully comply with the stipulated requirements.
The digital transaction ecosystem regulated by Cofeci provides for a contractual relationship between platforms, users, and custody agents. These relationships must observe principles such as legality, transparency, good faith, asset segregation, and regulatory compliance. Contracts made between participants must include clear mechanisms for data handling and conflict resolution, preferably through mediation or arbitration.
The regulation also details the requirements for the accreditation of PITDs, including proof of technical and economic capacity, internal security and governance policies, as well as consistent business plans. The accreditation will be nationally valid and will be monitored by both Cofeci and the regional CRECIs.