Major Brazilian stock exchange B3 plans to deepen its involvement in the cryptocurrency space next year by launching a tokenization platform and its own stablecoin.
The tokenization platform will allow assets to be tokenized and traded on the exchange, said B3 Vice President of Products and Customers Luiz Masagão, who said the two systems will share the same liquidity pool.
“Token buyers will not know they are buying from traditional stock sellers,” Masagão added. “This allows for a smooth transition, with both systems using the same liquidity.”
To support settlement, B3 also plans to issue stablecoins. It will serve as a payment and settlement tool in a tokenized environment, reducing reliance on existing cash processes.
“We will also launch the B3 stablecoin, which will serve as a tool to support token trading,” Masagão said. The stablecoin is expected to be pegged to the Brazilian real.
B3 is also expanding derivatives linked to cryptocurrencies. Products under development include weekly options on Bitcoin, Ethereum and Solana, as well as event-based contracts related to cryptocurrency prices. The instruments are currently under review by Brazil’s securities regulator, the CVM.
The exchange has been building cryptocurrency exposure over the past few years through listed products, including products related to BTC, ETH, SOL, and cryptocurrency indices. It first listed a crypto ETF in April 2021, several years before the U.S.
The products are held by about 600,000 investors and have about $2.4 billion in assets under management, according to the exchange. Earlier this month, asset manager Valor listed four new ETPs on the exchange.
The real world asset (RWA) market has grown to $18 billion this year, with the majority of tokenized assets being commodities and U.S. Treasuries, according to RWA.xyz.
