Brazil's securities regulator, the Comissão de Valores Mobiliários (CVM), has established a 14-department task force to draft an experimental regulatory framework for tokenized securities. Led by coordinators José Alexandre Vasco and Bruno Gomes, the group has a strict 60-day deadline to submit its initial proposal and 120 days to complete its broader review. This regulatory push comes as Brazil's real-world tokenized asset market reaches $2.34 billion, and runs parallel to new enforcement measures under Law No. 15.358/2026 targeting illicit digital assets.
CVM tokenized securities working group
- ▪The Brazilian Securities and Exchange Commission established a 14-department working group, known as the Securities Tokenization Working Group, to develop rules for tokenized securities
- ▪The Securities Tokenization Working Group is coordinated by José Alexandre Vasco and Bruno Gomes
Brazilian digital asset market growth
- ▪Brazil's real-world asset market totals approximately 12 billion reais, which is equivalent to roughly $2.34 billion, according to RWA Monitor
- ▪The Brazilian Securities and Exchange Commission estimates that tokenized asset volumes in Brazil will exceed $740 million
Regulatory framework development timeline
- ▪The Securities Tokenization Working Group must submit its first proposal for an experimental regulatory framework within 60 days of its formal installation
- ▪The broader regulatory review by the Securities Tokenization Working Group will run for 120 days, with a possible 30-day extension
Crypto crime enforcement measures
- ▪Brazil enacted Law No. 15.358/2026, which allows authorities to freeze, block, and confiscate cryptocurrencies and other digital assets linked to organized crime
- ▪Law No. 15.358/2026 strengthens cooperation between Brazilian authorities and foreign agencies to trace and recover illicit funds
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