In brief

The CVM tokenization group received 11 pilot proposals.

Associations and firms such as B3 and Anbima are among the bidders.

What we know

04
  1. Verified fact · material

    The CVM Tokenization Working Group received 11 pilot project proposals for tests with tokenized asset networks.

    Pilots.

    Sources[01][02]
  2. Verified fact · material

    Bidders include the associations ABBC, ABcripto, ABFintechs, ABToken and Anbima and companies such as B3, Núclea and Liqi.

    Bidders.

    Sources[01][02]
  3. Verified fact

    According to the CVM, the group will analyze each proposal under CVM Resolution 249 and report to the board.

    Next steps.

    Sources[01]
  4. Verified fact

    According to Exame, ABToken sent two proposals, with tests on debentures and FIDC quotas.

    Detail.

    Sources[02]

Transmission to assets

Market read-through

The number of proposals shows market interest in regulated tokenized assets.

Portfolio impact

01
B3SA3uncertain

New tokenized markets.

Rules stall.

What would change the view: Pilots advance.

sector5% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • Pilot selection
  • Test timeline

Limits of the reporting

What remains uncertain

  • No timeline was released for running the pilots.

Full sources

02