B3, Brazil’s primary stock exchange, is set to enhance its engagement in the cryptocurrency sector by launching a tokenization platform and introducing its own stablecoin next year.
The upcoming tokenization platform will enable the trading and tokenization of assets on the exchange, with Luiz Masagão, B3’s vice president of products and clients, stating that both systems will share a common liquidity pool.
Masagão noted, “The token buyer won’t realize they are purchasing from a traditional stock seller. This ensures a seamless transition, utilizing the same liquidity across both systems.”
To facilitate settlements, B3 is also planning to introduce a stablecoin to act as a payment and clearing mechanism within the tokenized framework, thereby lessening dependence on current cash processes.
“We will be launching a B3 stablecoin to facilitate token trading,” Masagão mentioned, indicating that this stablecoin is anticipated to be tied to the Brazilian real.
Additionally, B3 is venturing into crypto-linked derivatives. Developments include weekly options for bitcoin, ether, and solana, along with contracts based on specific events related to cryptocurrency prices. These products are currently undergoing review by Brazil’s securities regulator, the CVM.
In recent years, the exchange has been working to increase its cryptocurrency exposure through various listed products, which include offerings linked to BTC, ETH, SOL, and crypto indices. They debuted a crypto ETF in April 2021, a significant move well ahead of similar offerings in the U.S.
Approximately 600,000 investors hold these products, amounting to around $2.4 billion in assets under management, as reported by the exchange. Earlier this month, asset manager Valour listed four new ETPs on the exchange.
This year, the real-world asset (RWA) market has surged to over $18 billion, according to RWA.xyz, with the majority of tokenized assets being commodities and U.S. Treasury securities.
