Brazil’s main stock exchange B3 announced plans to launch a tokenized asset solution in 2026, starting with stocks. Additionally, it intends to issue a stablecoin to use for settlement.
“The great value of having this tokenization platform connected to the traditional ecosystem is that the assets are fungible,” said Luiz Masagão, B3’s VP of Product and Clients. “The token buyer won’t know they’re buying from a traditional stock seller. This allows for a smooth transition, with both benefiting from the same liquidity.”
Mr Masagão’s comments imply that all tokenized stock transactions will still be intermediated by a broker. The fungibility suggests that the token holder will have full rights to the underlying stock. However, it’s not yet clear at which level the tokenization will take place: the CSD, the transfer agent, or the broker.
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