Brazil’s leading stock exchange B3 plans to deepen its involvement in the cryptocurrency space by launching a tokenization platform and its own stablecoin next year.
The tokenization platform is set to allow assets to be tokenized and traded on the exchange, and Luiz Masagão, vice president of products and clients at B3, said 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 seamless 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 within the tokenized environment, reducing dependence on existing cash processes.
“We are also going to launch a B3 stablecoin, which will serve as a tool to enable token trading,” Masagão said. The stablecoin is expected to be pegged to the Brazilian real.
B3 is also expanding crypto-linked derivatives. Products in development include weekly options on bitcoin, ether and solana, along with event-based contracts tied to cryptocurrency prices. These instruments are currently under review by Brazil’s securities regulator, the CVM.
The exchange has spent the last few years building crypto exposure through listed products and includes offerings tied to BTC, ETH, SOL, and crypto indices. It first listed a crypto ETF in April 2021, years before the US.
These products are held by approximately 600,000 investors and represent around $2.4 billion in assets under management, according to the exchange. Earlier this month, asset manager Valor listed four new ETPs on the exchange.
The real-world asset (RWA) market has grown to $18 billion this year, according to RWA.xyz, and the majority of tokenized assets are commodities and US Treasury debt.
