Brazil’s main stock exchange B3 plans to deepen its involvement in the crypto space next year through the launch of a tokenization platform and its own stablecoin.
The tokenization platform will allow assets to be tokenized and traded on exchanges, and B3’s vice president of products and customers, Louis Massagan, said both systems will share the same liquidity pool.
“Token buyers have no idea that they are buying from a traditional stock seller,” Masagan added. “This allows for a smooth transition, with both systems using the same liquidity.”
To support payments, B3 also plans to issue a stablecoin. It acts as a payment and clearing tool within a tokenized environment, reducing dependence on existing cash processes.
“We also plan to launch the B3 stablecoin, which will serve as a tool to enable token trading,” Masagan said. The stablecoin is expected to be pegged to the Brazilian real.
B3 is also expanding into derivatives linked to cryptocurrencies. Products in development include weekly options for Bitcoin, Ether, and Solana, as well as event-based contracts tied to cryptocurrency prices. These products are currently under review by Brazil’s securities regulator, CVM.
The exchange has spent the past few years building exposure to cryptocurrencies through listed products, including products related to BTC, ETH, SOL, and crypto indexes. The company first listed a virtual currency ETF in April 2021, ahead of the US.
The exchange says these products are held by about 600,000 investors, with about $2.4 billion in assets under management. Earlier this month, asset management company Valor listed four new ETPs on the exchange.
According to RWA.xyz, the real world assets (RWA) market has grown to over $18 billion this year, with most of the tokenized assets being commodities and U.S. Treasuries.
