The Brazilian Securities and Exchange Commission (CVM) announced it would establish a working group to experiment with and test onchain securities and to regulate activities involving security tokens, including registration, deposit, custody, trading, and settlement.
Published: July 19, 2026 (Bitcoin.com News / Sergio Goschenko). Announcement referenced as Friday (July 17/18 window).
Key takeaways:
- Working group to conduct comparative studies, analyze regulatory sandbox results, debate with market participants, and assess DLT impact on capital-market structure.
- Also evaluates cybersecurity and proposes improvements forming “the foundation of future regulation for securities tokenization.”
- Composition: 14 CVM employees plus other relevant parties.
- Duration: initially 120 days, extendable by 30; first 60 days → proposal for experimental regulatory regime; end → conclusive report with recommendations.
- CVM estimated tokenization volumes would surpass 2.78M, 180-day duration).
- CVM President Otto Lobo: tokenization is “a structural transformation of the capital market” requiring innovative regulatory action.
Corroboration note: Brazilian outlet InfoMoney (19/07/2026) reports the same Grupo de Trabalho de Tokenização (GTT) with a 60-day experimental-regime deliverable.
Source: Bitcoin.com News.