Brazilian stock exchange B3 to launch its own tokenization platform and stablecoin

Brazil’s main stock exchange B3 is planning on deepening its involvement in the cryptocurrency space through the launch of 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, with Luiz Masagão ,B3’s vice president of products and clients, saying both systems will share the same liquidity pool.

“The token buyer won’t know they are buying from a traditional stock seller,” Masagão added. “This allows for a smooth transition, with both systems using the same liquidity.”

To support settlement, B3 also plans to issue a stablecoin. It would serve as a payment and clearing tool inside the tokenized environment, reducing reliance 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 linked to the Brazilian real.

B3 is also expanding crypto-linked derivatives. Products under development include weekly options on bitcoin, ether and solana, along with event-based contracts tied to crypto prices. These instruments are currently under review by Brazil’s securities regulator, the CVM.

The exchange has spent the past several years building crypto exposure through listed products and includes offerings tied to BTC, ETH, SOL, and crypto indices. It first listed a crypto ETF back in April 2021, years before the U.S.

These products are held by roughly 600,000 investors and account for about $2.4 billion in assets under management, according to the exchange. Earlier this month, asset manager Valour listed four newETPs on the exchange.

The real-world asset (RWA) market has grown to top $18 billion this year, according to RWA.xyz, with most tokenized assets being commodities and U.S. Treasury debt.