Brazilian Securities Commission receives draft rule creating a DLT Pilot Program for tokenization in the capital markets

On September 15, the Tokenization Working Group delivered to the Board of the Brazilian Securities and Exchange Commission (CVM) the draft resolution establishing the CVM DLT Pilot Program. The draft provides for tests of issuance, offering, distribution, trading, bookkeeping, custody, central depository and settlement of securities on distributed ledger technology networks, in order to assess legal feasibility and identify regulatory gaps.

Read the full article: Comissão de Valores Mobiliários (CVM)

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