Crypto▲ Bullish
Brazil Securities Watchdog Sets 60-Day Timeline for Tokenization Rules
Brazil's CVM aims to deliver draft rules for tokenized securities within 60 days via a new working group, as $740M in tokenization volumes loom by 2025.
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Brazil's securities regulator is moving to put tokenized assets under a formal rulebook. The CVM announced Friday it has created a working group tasked with designing an experimental regulatory regime for securities tokenization, with a first draft due in 60 days.
The group brings together 14 commission staff plus outside participants. Its mandate covers registration, deposit, custody, trading, and settlement of onchain securities. The CVM said the group will study sandbox results, run comparative analyses, and assess how decentralized technologies affect capital market structure.
CVM President Otto Lobo called tokenization "a structural transformation of the capital market" that demands fresh regulation. The working group will deliver a proposal for the experimental regime within the first 60 days and a final report with regulatory recommendations after 120 days, with a possible 30-day extension.