Brazilian Securities Regulator Plans to Conduct Tokenized Securities Simulation Testing

Odaily Report: 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; testing is coordinated by the CVM tokenization working group, lasting 60 days and extendable by 30 days, with the draft still pending board approval.

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