Brazilian Securities Regulator Plans to Conduct Tokenized Securities Simulation Test

Odaily News: The Brazilian securities regulator CVM is advancing a distributed ledger technology pilot program for tokenized securities. The program involves only simulated transactions, with no real securities or investors involved; the test is coordinated by the CVM's tokenization working group, lasting 60 days with a possible 30-day extension, and the draft still awaits board approval.

The testing scope covers the securities lifecycle from issuance to settlement for stocks, bonds, receivables certificates, and investment fund shares.