Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal

Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal

The framework will address critical issues like official ownership records, private key custody, transaction reversibility, and system liability.

Brazil Tokenized Securities Enter CVM Review With 60-Day

Brazil is advancing its tokenized securities framework as the CVM launches a 14-member working group to study blockchain-based issuance, custody, trading, and settlement. The panel will propose an experimental regulatory framework within 60 days, potentially shaping the future of Brazil’s growing tokenized asset market.

Brazil’s Tokenized Securities Plan Enters Critical Review

TLDR Brazil’s CVM created a 14-department task force to develop rules for tokenized securities. The group must submit its first tokenization proposal within 60 days of formal installation. A broader regulatory review will continue for 120 days, with a possible 30-day extension. The framework will address registration, custody, trading, and settlement using distributed ledger technology. The review will examine private-key custody, ownership rec…