Tokenized asset market in Brazil reaches R$10bn

The Brazilian tokenized asset market experienced a tenfold increase over the past year, reaching R$10 billion in August 2026. According to the 2026 Brazil Tokenization Report by Nexa Finance, this growth is heavily skewed toward private credit, which accounts for 88% of the total volume. While the market has expanded significantly compared to the global growth rate of twofold, it still represents only a small fraction of Brazil's broader financial sector. Regulatory frameworks like CVM Resolution 88 and Resolution 160 have been instrumental in facilitating this transition, with the latter now serving as the primary channel for public securities offerings. The CVM, led by Otto Lobo, is actively formalizing oversight through a proposed DLT Pilot Program to test the issuance and settlement of various securities. This initiative aims to integrate blockchain-based assets into the traditional regulatory environment while providing the commission with real-time transaction visibility. The shift signals that Brazil is moving beyond experimental phases into operational maturity for tokenized financial instruments. This development highlights the country's proactive approach to digitizing traditional credit and receivables markets.