
Brazil's CVM Pushes Mandatory Tokenization to Overhaul Market Oversight
- —Brazil's fund industry holds $2.32 trillion across over 34,000 active structures
- —CVM is testing three DLT platforms and smart contracts for compliance
- —Entry costs to money market funds could fall to as low as $20
- —B3 exchange aims to launch its tokenization platform by 2027
Why it matters: A major regulator moving market surveillance onto blockchain rails could set a template for other jurisdictions and accelerate institutional tokenization.
Source: Bitcoin.com