Brazilian stock exchange B3 to launch its own tokenization platform and stablecoin

Brazil's main stock exchange, B3, is planning to expand its cryptocurrency involvement by launching a tokenization platform and its own stablecoin in the coming year. The tokenization platform will allow assets to be tokenized and traded on the exchange, with B3's VP of products and clients, Luiz Masagão, stating that both the tokenized system and traditional stock system will share the same liquidity pool for a smooth transition. To support settlement within this tokenized environment and reduce reliance on traditional cash processes, B3 will issue a stablecoin expected to be pegged to the Brazilian real. Furthermore, B3 is developing crypto-linked derivatives, including weekly options on Bitcoin, Ether, and Solana, which are currently awaiting review by Brazil's securities regulator, the CVM. B3 already offers crypto exposure through listed products, including a crypto ETF launched in April 2021, which currently manages about $2.4 billion in assets for roughly 600,000 investors.

(Source：CoinDesk)