A regulatory sandbox is more useful than another speech about tokenization.



Brazil’s securities regulator is forming a working group for tokenized securities. What matters is whether it tests the complete lifecycle: issuance, investor checks, settlement, corporate actions and secondary transfers.

Minting a token is easy. Making it a legally enforceable security that institutions can trade and service is the real work. Solving that layer can move adoption beyond pilot projects. 🔗
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