Major banks, Brazil’s stock exchange and the world’s leading exchanges are among the companies that applied to the Central Bank (BC) for a crypto license to operate as virtual asset service providers in the country. The deadline for those already operating in the market ended on Friday (30).
By 7:30 p.m. that day, 67 institutions had been identified in the race, according to a survey by Cainvest Group, which tracks the applications. The list includes applications confirmed by the companies themselves, regulatory disclosures from banks already authorized to operate, and cases identified solely through documentary links to applications filed with the BC, which the companies have yet to confirm.
Of the applications with publicly available status updates, three were on the Central Bank’s decision agenda, two were under review, and two were awaiting documents or a response from the applicants.
Who is in the race for a Central Bank license?
Among banks, the stock exchange and other financial institutions are B3, Itaú Unibanco, Bradesco, Nubank, Banco Inter, BTG Pactual (through Mynt), Banco BS2, Banco Rendimento, Braza Bank, Stark Bank, S3 CACEIS and B&T Corretora de Câmbio.
Exchanges and brokerages include Binance, Coinbase, OKX, Bybit, Kraken, Bitget, Ripio, OSL Brasil, Webull, Coins.xyz and Wynx Exchange, as well as Brazilian companies Mercado Bitcoin, Foxbit and Brasil Bitcoin.
Stablecoin, payments and infrastructure companies have also entered the race: Ripple, Avenia, Bloquo, Liqi, Lumx, Transfero, RedotPay, Parfin, NoxPay, Obsidiam, Belo, TCR Finance, Velaro Network and Manteca, which operates in Brazil as Ponte Global.
The list is rounded out by 4Pay Finance, ARQ Finance, Axioma, BCX Corretora, Bloxtrade Capital, Cademartori Z Soluções, Crown, Ettica Pagamentos, Frontrade, GGPay, IACrypto, MadarBit, Masterpay, Mazzera, NBS, Neo Ativos Virtuais, Nexus, Nonco, O3 Trade, Onda Finance, PFPay, Prata Digital, SuitCoin, TRKBIT, UnblockPay, Urban and W Brasil Comércio.
Big banks enter the race
Among the most recent applications are those from B3 and four major banks: Bradesco, Nubank, Itaú and Inter. They were the first banks to formally apply to the Central Bank to operate as virtual asset service providers.
The presence of traditional institutions shows that the race for Brazil’s regulated crypto market will not be limited to companies native to the sector. Once authorized, banks will be able to offer services such as crypto asset brokerage and custody directly.
Exchanges, stablecoins and infrastructure
Among crypto companies, applications have been filed by Ripple, stablecoin issuer Avenia, payments infrastructure company Bloquo, Nonco, Lumx, which provides stablecoin payment services, and Liqi, which specializes in asset tokenization.
The list also includes Foxbit, Neo Ativos Virtuais, Grupo Braza, TRKBIT, Cademartori, B&T, Stark Bank and S3 CACEIS. Coinbase joined the group on October 28, two days before the deadline.
What changes from now on?
The rules for the sector were established by BCB Resolutions 519, 520 and 521, published in November 2025 and in force since February 2, 2026. The rules regulate the Legal Framework for Virtual Assets (Law 14,478/2022) and created a new category of companies: virtual asset service providers, known as SPSAVs.
Companies already operating had 270 days to file the first phase of their authorization application. Those that met the deadline can continue operating while the Central Bank reviews their application. Those that did not file must cease providing services within 30 days.
As of October 30, BCB Resolution 520 also prohibits banks, payment institutions and other entities authorized by the Central Bank from carrying out, intermediating or providing custody for transactions with providers that are neither authorized nor in the process of obtaining authorization.
Filing an application, however, does not bring the process to an end. It initiates a two-phase review, and companies will still need to meet further regulatory requirements before receiving final authorization.
The article “Who applied for a crypto license from the Central Bank? See the complete list” was first published on BeInCrypto Brasil.