Brazilian Securities Regulator Launches Securities Tokenization Simulation Test

The Brazilian securities regulator CVM is advancing a pilot program focused on tokenized securities using distributed ledger technology. This program involves only simulated trading and does not include real securities or investors. The testing is coordinated by the CVM's tokenization working group, lasting for 60 days with a possible extension of 30 days, pending approval from the board. The scope of the test covers various stages of the securities lifecycle, including stocks, bonds, receivable certificates, and investment fund shares, from issuance to settlement.

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