# Brazil CVM securities tokenization pilot

> Live situation record from CLSTR: https://clstr.news/situations/brazil-cvm-securities-tokenization-pilot
> Updated: 2026-09-19T05:21:20.000Z. Sources: 7. Developments: 2.

The Brazilian Securities and Exchange Commission (CVM) has proposed a 60-day pilot program to test the tokenization of securities using distributed ledger technology (DLT). Managed by the Tokenization Working Group (GTT), the initiative aims to simulate the full lifecycle of digital securities, including issuance, registration, trading, settlement, and custody.

The pilot will involve various financial instruments such as stocks, corporate bonds, receivables, and investment fund shares. To prevent market disruption, the program will utilize virtual assets and simulated transaction data rather than real securities or investor funds. The goal is to identify technical, legal, and operational challenges, such as cybersecurity risks and smart contract errors, to inform future regulatory frameworks and potential legislative improvements.

## Timeline

### 2026-09-19: Brazil's CVM proposes pilot for securities tokenization

Brazil's CVM is proposing a 60-day pilot to test the tokenization of stocks and bonds using distributed ledger technology, utilizing virtual assets to evaluate the security and legality of digital asset lifecyl

2 sources. https://clstr.news/cluster/brazils-cvm-proposes-pilot-for-securities-tokenization

### 2026-09-16: Brazil fintech UNI FY to pilot Pix Consignado; CVM proposes DLT tokenization

UNI FY to pilot a Pix Consignado digital credit solution in October 2026, while Brazil's CVM prepares a DLT pilot to test the tokenization of securities like stocks and debentures.

5 sources. https://clstr.news/cluster/brazil-fintech-uni-fy-to-pilot-pix-consignado-cvm-proposes-dlt-tokenization

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Cite as: Brazil CVM securities tokenization pilot. CLSTR, https://clstr.news/situations/brazil-cvm-securities-tokenization-pilot