From TokenPost · · 50s
Brazil's CVM Opens 15-Day Tokenization Pilot Window
Brazil's securities regulator starts 15-business-day window for testing tokenized securities without live assets.
In brief
Brazil's securities regulator starts 15-business-day window for testing tokenized securities without live assets. Brazil's CVM opens 15-business-day proposal period for a securities tokenization pilot using fictional assets to test distributed ledger systems. Originally reported by TokenPost.
CVM opens tokenization pilot window
Brazil's securities regulator CVM opens 15-business-day proposal period for a controlled tokenization pilot to test distributed-ledger systems across securities markets without live assets.
Eligible participants for pilot
Only associations representing entities authorized, registered or accredited by CVM to operate in securities markets and securities-market self-regulatory entities may submit proposals; both must participate in the CVM Tokenization Working Group.
Pilot testing rules
Test networks must remain separate from production systems; the pilot excludes real investors, securities in circulation, and real financial resources, using tokens representing fictional securities instead.
Here's the gist
Brazil's CVM opens 15-business-day proposal period for a securities tokenization pilot using fictional assets to test distributed ledger systems.
