Brazil's CVM Advances Distributed Ledger Pilot for Tokenized Securities

The Brazilian Securities and Exchange Commission (CVM) is launching a 60-day pilot program to test simulated trading of tokenized securities using distributed ledger technology (DLT). Led by the CVM Tokenization Working Group (GTT), the initiative covers the full lifecycle of various assets, including stocks and bonds, to evaluate technical and regulatory feasibility. The project does not involve real assets or investors and awaits final approval from the CVM board.