Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal

Policy Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal The framework will address critical issues like official ownership records, private key custody, transaction reversibility and system liability. By Francisco Rodrigues | Edited by Sheldon Reback Jul 20, 2026, 12:02 p.m. 2 min read Make preferred on Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Make preferred on The Brazilian securities regulator is studying tokenization in the country. (Rafaela Biazi/Unsplash) Summary Show Brazil’s securities regulator, CVM, formed a group to draft an experimental framework for tokenized securities, with a primary proposal due within 60 days of installation. The framework will address critical issues like official ownership records, private key custody, transaction reversibility and system liability. Brazil's real-world asset market has reached roughly 12 billion reais ($2.34 billion), with the CVM leveraging past sandbox experiments to inform new rules. Brazil’s securities regulator, the Comissão de Valores Mobiliários (CVM) said it created a working group to draft an experimental framework for tokenized securities. The regulator said the framework will cover the registration, custody, trading and settlement of securities using distributed ledger technology. The group must send its first proposal to the CVM’s board within 60 days of being formally installed, while a broader review will run for 120 days, with a possible 30-day extension. The group brings together 14 CVM departments and may consult government agencies, market associations, self-regulatory bodies and outside specialists. It will also review cybersecurity risks, international regulatory models and results from earlier sandbox programs, the regulator said. Brazil already applies securities law according to a token’s economic characteristics. The CVM’s 2022 guidance clarified that using blockchain does not change whether an asset qualifies as a security. The new review will focus on what happens around the asset. Blockchains can combine functions that are normally split between exchanges, custodians, registrars, depositories and settlement systems. That raises questions over who controls the official ownership record, how private keys are held, when transactions can be reversed and who is liable when systems fail. Brazil’s tokenized asset market has been steadily growing. Data from Brazilian tracking platform RWA Monitor show the country’s real-world asset market is now at around 12 billion reais, equivalent to roughly $2.34 billion. Debentures and commercial notes make up about $1.3 billion of that total. The CVM has also tested blockchain-based issuance and secondary trading through its regulatory sandbox . The new working group will review those experiments as it considers a broader framework for securities issued, held and traded on distributed ledgers. Brazil Regulation Latest Crypto News 1 A bitcoin 'volmageddon' may be brewing, key indicator suggests 47 minutes ago 2 Bank of Korea prepares for live CBDC transactions with 9 banks in September 53 minutes ago 3 Crypto market slips even as equities advance. Pump surges on social-media chatter 1 hour ago 4 Hyperliquid plans to add decentralized prediction markets in upgrade to HIP-4 1 hour ago 5 Cross-chain protocol Allbridge halts after $1.65 million flash loan exploit 2 hours ago 6 U.S. regulatory developments and earnings, ECB rate decision: Crypto Week Ahead 3 hours ago 7 Amazon Japan supplier AZ-Com Maruwa to adopt yen stablecoin JPYC for payments 3 hours ago 8 Live markets: Report of Iran proposal sends oil lower, crypto and stocks higher 4 hours ago 9 Moonshot AI IPO push follows Kimi, Alibaba AI releases that shook bitcoin 4 hours ago 10 Bitcoin ETFs see new money again, but inflows remain ‘peanuts’ relative to the recent exodus 6 hours ago Latest Research Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. By CoinDesk Research Jul 13, 2026 CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. Why it matters : CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B. View Full Report More From Policy The GENIUS Act turns 1: State of Crypto France orders country's internet service providers to block Polymarket U.S. Senate unanimously opposes clemency for FTX founder Sam Bankman-Fried