Brazil’s CVM Tests Tokenized Securities Market in New Pilot Program

The commission seeks to test how decentralized ledger technologies can modernize the issuance, operation, and management of securities by implementing market rules and regulations as smart contract logic on the program’s underlying platforms. Brazil is taking another step into tokenization, albeit at an experimental stage. On Tuesday, the Comissão de Valores Mobiliários (CVM), Brazil’s securities watchdog, issued Resolution 249 , launching an experimental program using decentralized ledger technologies to carry out tests involving the implementation of all securities operations on digital platforms.

Source: Bitcoin.com News