# 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.
- Title: Brazil's CVM Opens 15-Day Tokenization Pilot Window | Shortify
- Summary: Brazil's securities regulator starts 15-business-day window for testing tokenized securities without live assets. Brazil's CVM opens 15-business-day proposal…
- Keywords: cvm, securities tokenization, distributed ledger, tokenized securities, brazil, tokenization pilot, securities markets, crypto, finance, Brazil's, Opens, 15-Day
- Source: TokenPost — https://tokenpost.com/news/regulation/32907
- Published: 2026-10-16T00:44:15+00:00
- Read time: 1 min
- Topics: cvm, securities tokenization, distributed ledger, tokenized securities, brazil, tokenization pilot, securities markets, b3, crypto, finance
## 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.
## Key takeaway

Brazil's CVM opens 15-business-day proposal period for a securities tokenization pilot using fictional assets to test distributed ledger systems.