Brazil’s CVM plans to conduct a 60-day simulated test of securities tokenization.
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【Brazilian securities regulator plans simulated testing of securities tokenization】
Brazil’s securities regulator (CVM) is advancing a distributed ledger technology (DLT) pilot program for tokenized securities. The program involves simulated transactions only and does not involve actual securities or investors. The test will be coordinated by the CVM Tokenization Working Group (GTT), will last 60 days, and may be extended by an additional 30 days; the draft remains pending board approval. The test scope covers most of the securities lifecycle, from issuance to settlement, for equities, bonds, receivables certificates, and investment fund units.
Brazil’s securities regulator, CVM, is advancing a distributed ledger technology (DLT) pilot program for tokenized securities.
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The program involves simulated transactions only and does not involve actual securities or investors.
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The test will be coordinated by the CVM Tokenization Working Group (GTT), will last 60 days, and may be extended by an additional 30 days.
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The draft remains pending approval by the CVM board.
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The test scope covers most of the securities lifecycle, from issuance to settlement, for equities, bonds, receivables certificates, and investment fund units.
AI-assisted interpretation
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This is a plan to test securities tokenization processes using distributed ledger technology, but it currently involves simulated transactions only.
Why it matters to readers
The test covers multiple types of securities and most stages of their lifecycle, from issuance to settlement.
It is not a transaction program for actual investors and has not yet been formally implemented pending approval of the draft.
Risks and unknowns
The draft remains pending board approval.
Whether the test will ultimately proceed depends on board approval.
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Related concepts
Securities tokenization
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