Tokenization is a priority on the CVM's regulatory agenda for 2026

Source: PortaldoBitcoin Original Title: Tokenization is a priority in CVM’s regulatory agenda for 2026 Original Link: The Brazilian Securities and Exchange Commission (CVM) has placed tokenization at the center of its regulatory agenda for 2026 as one of the priorities to be further developed next year, reflecting the growing interest and rapid evolution of this market in Brazil and worldwide.

Tokenization, the process of converting tangible or intangible assets into digital tokens traded on blockchain-based systems, has been viewed by experts and the market itself as a way to democratize access to investments, increase asset liquidity, and modernize the Brazilian capital environment.

In Brazil, part of the regulatory framework that already addresses tokenization is included in CVM Resolution 88, which regulates public offerings of securities through electronic investment platforms (crowdfunding), and has been subject to public consultation for reform aimed at expanding its limits and adapting to market demands.

This broad regulatory discussion shows that the topic has moved from an experimental phase to a strategic development axis, with public consultations and regulatory proposals aiming to shape a clearer and more comprehensive legal environment for receivables tokens, securitization titles, and other tokenized instruments under CVM supervision.

CVM’s new regulatory agenda

The 2026 agenda includes proposals such as the so-called Project 135 Light, which revises CVM Resolutions 135 and 31 with a focus on including smaller markets and tokenization, indicating that the regulatory body aims to strengthen the foundations for new digital business models to thrive safely and in compliance with Brazilian securities laws.

In addition to tokenization, CVM’s 2026 Regulatory Agenda includes various other topics that will receive attention in the coming months. Priorities include issuing a new rule to replace CVM Resolution 88 and modernize the investment crowdfunding regime.

Other topics to be focused on next year include adjustments to annexes of Resolution 175 that impact norms for funds such as FIP, FIF, and FII, improvements in rules for disclosing material facts, standards for rating agencies, updates to the list of certifications for consultants, as well as public consultations on suitability, the role of financial influencers, and issues related to the carbon market.

“By updating relevant frameworks and subjecting topics like tokenization, the activity of finfluencers, suitability improvements, and the carbon market to public consultation, we aim to make regulation more aligned with current complexity and more conducive to innovation and sustainable development in the capital market,” said Antonio Berwanger, Superintendent of Market Development (SDM) at CVM.