Brazil’s leading exchange, B3, plans to deepen its involvement in the cryptocurrency space with the launch of a tokenization platform and its own stablecoin next year.
The tokenization platform is expected to enable tokenization and exchange of assets on exchanges, with Luiz Masagão, B3’s vice president of products and clients, saying that both systems will share the same liquidity pool.
“The token buyer will not know that they are buying from a traditional stock seller,” Masagão added. “This allows for a smooth transition, with both systems using the same liquidity.”
To support the settlement, B3 also plans to issue a stablecoin. It would serve as a payment and clearing tool in the tokenized environment, reducing reliance on existing cash payment processes.
“We will also launch a stablecoin B3, which will serve as a tool to enable the exchange of tokens,” Masagão said. The stablecoin is expected to be pegged to the Brazilian real.
B3 also develops crypto-linked derivatives. Products under development include weekly options on Bitcoin, Ether and Solana, as well as contracts based on cryptocurrency price events. These instruments are currently being reviewed by Brazil’s securities regulator, the CVM.
The exchange has spent recent years building exposure to crypto through listed products and includes offerings linked to BTC, ETH, SOL and crypto indices. It first listed a crypto ETF in April 2021, years before the United States.
These products are held by approximately 600,000 investors and represent approximately $2.4 billion in assets under management, according to the exchange. Earlier this month, asset manager Valor listed four new ETPs on the stock exchange.
The real-world assets (RWA) market reached $18 billion this year, according to RWA.xyz, with most tokenized assets being commodities and U.S. Treasury debt.
