The Brazil Securities Commission (CVM), the Financial Innovation Laboratory (LAB) and the National Federation of Central Bank Employees’ Associations (Fenasbac) published the eight projects selected for the first cycle of LEAP, a programme designed to develop technology-based solutions to challenges in the Brazilian capital markets. The selected projects cover integration for a secondary crowdfunding market, including a crowdfunding trading integration agent (B3 S.A. – Brasil, Bolsa, Balcão), use of the native decentralised exchange of the XRPL network to optimise secondary crowdfunding transactions (VERT Capital), and a digital financial identity to facilitate investor access to the secondary crowdfunding market (goAssets). Other themes include integration and transparency for the carbon market through a carbon credit registration and trading market infrastructure (B3 S.A. – Brasil, Bolsa, Balcão), sustainability reporting via an AI platform for regulatory automation in sustainability reports (Nettie Zero), regulatory compliance automation via a natural language processing and machine learning tool to interpret investment fund regulations (RegMatch by Iaas Consultoria e Serviços), AI for market supervision through analysis of unstructured data (LOUIS by BDM), and investor suitability solutions using objective and subjective data and individual goals (Open Suitability by Bradesco Asset Management). Applications were open to startups, universities, fintechs, researchers and market participants until 29 June. LEAP, launched in May, is a free initiative under NEXUS, an open-innovation ecosystem coordinated by the CVM in partnership with Fenasbac and hosted at LAB. The programme targets early-stage projects, preferably pre-operational and ranging from ideation to a functional prototype, and expects each participant to deliver a functional prototype and a technical report at the end of the cycle.

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