The Brazil Securities Commission discussed artificial intelligence, emerging financial products and public markets at the International Organization of Securities Commissions’ board meeting in Madrid. Other delegations sought details on its tokenization work and measures to strengthen the regulator. Its existing securities tokenization pilot has received 11 project proposals to assess feasibility and risks and inform possible rule changes.
The Brazil Securities Commission (CVM) participated in an International Organization of Securities Commissions (IOSCO) board meeting in Madrid, with Chair Otto Lobo leading its delegation. Discussions focused on the impact of artificial intelligence on securities markets, emerging financial products and challenges facing public markets.
In bilateral talks, international delegations sought more information on CVM’s Tokenization Working Group and measures to strengthen the regulator following the Supreme Federal Court’s decision in constitutional case ADI 7791. The tokenization work includes an existing distributed ledger technology pilot that has received 11 project proposals. The pilot will test securities operations, assess technical, operational and legal viability, and identify risks and regulatory gaps to inform possible regulatory or legislative changes.
The Brazil Securities Commission has received 11 proposals for its tokenized securities pilot, established in October. Its tokenization working group will assess each proposal against the program’s regulatory requirements. The tests will examine feasibility, interoperability and risks across securities operations to inform possible regulatory or…
2026-11-06 Brazil Securities Commission (CVM) Brazil
The Brazil Securities Commission held its second market meeting to discuss proposed securities tokenization tests and regulatory options, following October’s establishment of its distributed ledger technology pilot. Chair Otto Lobo emphasized that CVM’s role is to present options rather than dictate market structure. Superintendent José Alexandre…
2026-10-29 Brazil Securities Commission (CVM) Brazil
The Brazil Securities Commission will hold its second tokenization market meeting on Nov. 6 in São Paulo, following the establishment of its distributed ledger technology pilot in October. Discussions will examine proposed models and tests, technical risks and whether tokenized securities activities fit existing rules or require legal and…