Brazil Pushes Mandatory Tokenization to Overhaul Market Tracking

Otto Lobo, president of the CVM, Brazil’s SEC equivalent, stressed that mandatory tokenization combined with AI supervision was necessary to modernize traditional surveillance methods made obsolete by the fund structure’s size, with a net worth of $2.32 trillion. The CVM, Brazil’s equivalent of the U.S. Securities and Exchange Commission, is pushing asset tokenization as a key element to modernize market structure guardrails in combination with artificial intelligence-powered surveillance. Otto Lobo, President of the CVM, stressed that a mandatory transition to asset tokenization is necessary to overhaul the current market supervision infrastructure, which has been overwhelmed by the growth of the…

Source: Bitcoin.com News