Brazilian Securities Watchdog Takes Closer Look at Tokenization

Brazil’s securities regulator has established a working group to explore tokenized securities. This working group, the Comissão de Valores Mobiliários (CVM) announced Friday (July 17), will draft an experimental framework that examines the registration, custody, trading and settlement of tokenized securities using blockchain technology. “Tokenization represents a structural transformation of the capital market and demands an equally innovative regulatory approach,” said Otto Lobo, the CVM’s pres