Tokenization becomes the central topic of Brazil's CVM 2026 regulatory agenda

Source: PortaldoBitcoin Original Title: Tokenization is a priority on CVM’s regulatory agenda for 2026 Original Link: https://portaldobitcoin.uol.com.br/tokenizacao-e-prioridade-da-agenda-regulatoria-da-cvm-para-2026/ Brazilian Securities and Exchange Commission (CVM) lists tokenization as a key focus of its 2026 regulatory agenda, as one of the priority areas to be advanced next year, reflecting the growing attention and rapid development of this market in Brazil and worldwide.

Tokenization is the process of converting tangible or intangible assets into digital tokens that can be traded on blockchain-based systems. It is regarded by experts and the market itself as a way to democratize investment access, increase asset liquidity, and modernize the Brazilian capital market environment.

In Brazil, some regulatory frameworks already address tokenization. These are incorporated into CVM Resolution No. 88, which regulates securities public offerings through electronic participatory investment platforms (crowdfunding). Currently, this is under public consultation for reform, with a focus on expanding its scope and adapting to market demands.

This broad regulatory discussion indicates that the topic is no longer purely experimental but has become a strategic development axis, including public consultations and normative proposals aimed at creating a clearer and more comprehensive legal environment for tokenized assets such as receivables, securitization certificates, and other tokenization tools under CVM supervision.

CVM’s New Regulatory Agenda

CVM’s 2026 agenda was officially released this Wednesday (10th), featuring proposals such as the “Lightweight Project 135,” which revises CVM Resolutions No. 135 and No. 31. The focus is on inclusivity of small markets and tokenization, indicating that regulators aim to strengthen the foundation so that new digital business models can develop safely and in compliance with Brazilian securities law.

In addition to tokenization, CVM’s 2026 regulatory agenda includes a series of other topics to be addressed in the coming months. Priorities include issuing new rules to replace CVM Resolution No. 88 and modernizing the crowdfunding investment system.

Other key topics for next year include adjustments to Annex of Resolution No. 175, which impacts regulations for FIP, FIF, and FII funds, improving disclosure rules, regulation of rating agencies, and updates to the list of approved advisors. Public consultations will also be conducted regarding suitability, behaviors of financial influencers, and issues related to the carbon markets.

Antonio Berwanger, head of CVM’s Market Development Supervision Department (SDM), stated: “By updating relevant milestones and conducting public consultations on topics such as tokenization, financial influencer behavior, suitability improvements, and the carbon market, we aim to make regulation more aligned with current complexities and more conducive to capital market innovation and sustainable development.”