Brazil's B3 stock exchange plans to launch a tokenized securities trading platform in the first half of 2027, allowing digital tokens linked to traditional stocks to share order books and liquidity. While current regulations allow basic tokenization with D+2 settlement, B3 requires regulatory authorization from Brazilian authorities and the Central Bank of Brazil to enable 24/7 continuous trading, instant settlements, and digital asset custody.
Platform launch timeline
- ▪Brazil's B3 stock exchange announced its tokenized asset platform project in June 2026.
- ▪Brazil's B3 stock exchange previously targeted the second half of 2026 for the tokenized asset platform before projecting a first-half 2027 launch.
Structure and settlement of B3 tokenized assets
- ▪Tokenized securities on Brazil's B3 platform will be fungible with traditionally issued stocks, sharing prices, order books, and liquidity.
- ▪Tokenized stock transactions on Brazil's B3 platform will settle within two business days (D+2) following existing market settlement conditions.
- ▪Securities on Brazil's B3 tokenized platform will be represented by tokens linked to existing assets rather than being issued primarily on a blockchain.
Regulatory requirements for B3 expansion
- ▪Brazil's B3 stock exchange will request authorization from the Central Bank of Brazil to operate and custody digital assets.
- ▪B3 director of products and counter strategy Humberto Costa stated at an October 8, 2026 event in São Paulo that advanced trading behaviors depend on new regulatory authorizations.
- ▪Achieving continuous 24/7 trading and simultaneous instant settlement on Brazil's B3 exchange requires a regulatory overhaul by Brazilian authorities.
B3 proprietary stablecoin plans
- ▪Brazil's B3 stock exchange plans to launch its own proprietary stablecoin.
- ▪Brazil's B3 stock exchange has not confirmed whether its planned stablecoin will interact with its tokenized stock trading platform at launch.
OKXICE tokenized stock platform
- ▪OKXICE LLC plans to offer tokenized shares of an initial 63 public companies, including Nvidia Corp., Apple Inc., Coca-Cola Co., Cisco Systems Inc., and McDonald’s Corp., under SEC rules allowing a 30-day issuer opt-out window.
- ▪OKXICE LLC, a joint venture between cryptocurrency exchange operator OKX and Intercontinental Exchange Inc., filed with the SEC on October 4, 2026 to launch a tokenized U.S. stock trading platform.
Debatable claims
- ▪Maintaining D+2 settlement for tokenized stocks undermines the core efficiency gains of blockchain technology
- ▪Brazilian regulators should grant B3 approval for 24/7 instant-settlement trading
- ▪Wrapping existing shares into tokens is superior to native blockchain equity issuance for preserving market liquidity
- ▪Stock exchange issuance of proprietary stablecoins creates systemic risk for equity clearing systems
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