Brazil’s Tokenization Push Accelerates With $2 Billion Credit Plan

In July, Brazil’s Securities and Exchange Commission, the CVM, created a dedicated Tokenization Working Group to study the registration, custody, trading, and settlement of securities using distributed ledger technology.

The group has also been tasked with proposing an experimental regulatory regime for tokenized securities, placing tokenization directly within the regulator’s agenda for the modernization of Brazil’s capital markets.

Meanwhile, Brazilian tokenization platform Liqi Digital Assets and XDC Network have renewed their partnership for another two years and raised the total targeted issuance from $500 million to $2 billion through 2028.

The new agreement consists of the original $500 million, which the companies say has already been completed, alongside a further $1.5 billion in planned issuance.