BitGo discusses tokenization's impact on Brazil's capital markets

B3: B3 is Brazil's primary stock exchange and market infrastructure operator, overseeing trading, clearing, and settlement for equities, fixed income, and other assets. It has been involved in tokenization experiments and hosted discussions on market infrastructure modernization. In the news, B3 is cited among key players actively experimenting with tokenization frameworks alongside regulators and banks. CVM: CVM, or Comissão de Valores Mobiliários, is Brazil's federal securities regulator responsible for overseeing capital markets, protecting investors, and ensuring market integrity. It recently established a dedicated tokenization working group in July 2026 to study registration, custody, trading, and settlement using distributed ledger technology and to propose an experimental regulatory regime. In the news, CVM is highlighted as a central institution shaping digital asset frameworks through active experimentation and policy discussions. BitGo: BitGo is a digital asset infrastructure and custody provider focused on institutional-grade security, wallets, and compliance solutions for blockchain-based assets. It maintains a regulated platform serving financial institutions and platforms globally. In the context of the news, BitGo is actively engaging in Brazilian discussions on tokenization through its LATAM Strategic Growth Director to share perspectives on custody, security, and infrastructure standards. Anbima: Anbima is the Brazilian association representing entities in the financial and capital markets, including banks, asset managers, and intermediaries. It leads initiatives such as pilot projects to test tokenization of assets like debêntures and investment funds, involving dozens of institutions. In the news, Anbima is listed among major players building the foundational frameworks for digital assets in Brazil. Ádrili Sato: Ádrili Sato serves as LATAM Strategic Growth Director at BitGo, where she focuses on partnerships, institutional adoption, and expanding the company's presence across Latin America. She has participated in panels and media segments on crypto regulation and digital asset infrastructure in the region. In the news, she joined CNN Brasil's Cripto na Real to address tokenization trends and the stance of Brazilian institutions and regulators. Regulation: Brazil's CVM formed a tokenization working group in July 2026 tasked with studying distributed ledger applications and proposing an experimental regulatory framework for tokenized securities. Market Development: Brazilian institutions and associations are running multiple pilot projects to test tokenization of assets such as debêntures and funds, involving major banks and exchanges in building practical frameworks. Industry Engagement: Tokenization discussions in Brazil include input from global infrastructure providers like BitGo, focusing on custody, security, and alignment with local regulatory standards.