In brief

The CVM created a pilot for tokenized assets.

The rule is Resolution 249.

What we know

04

  1. Verified fact · material

    The CVM published on October 14, 2026 Resolution 249, which creates the CVM DLT Pilot Program.

    New rule.

    Sources[01][02]

  2. Verified fact · material

    The pilot allows testing of tokenized stocks, funds and other securities on distributed ledger technology.

    Tokenization.

    Sources[01][02]

  3. Verified fact

    According to the CVM, the resolution took effect on publication.

    Immediate effect.

    Sources[01]

  4. Verified fact

    The program covers experimental issuance, trading, custody and settlement, according to the CVM.

    Scope.

    Sources[01]

Transmission to assets

Market read-through

The pilot creates a controlled environment for tokenization, with potential to cut issuance and settlement costs.

Portfolio impact

01
B3SA3uncertain

Tokenization may reshape market infrastructure.

Long-term effect.

What would change the view: Pilot uptake.

sector10% confidence

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

Next signals

What to watch

  • First pilot participants
  • Admitted assets

Limits of the reporting

What remains uncertain

  • The pilot's term and admitted assets are not in the CVM notice.

Full sources

02
01
CVMResolução 249 cria o Programa Piloto DLT CVMofficial source
02
Valor InvesteCVM oficializa projeto piloto para testar ações, fundos e outros investimentos tokenizadosindependent newsroom
05