CoinDesk·3 min read·medium

Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal

F
Francisco Rodrigues
Brazil’s securities regulator sets up task force with 60-day deadline for tokenization proposal
AI Summary

Brazil's securities regulator, the CVM, has established a 14-department task force to develop a comprehensive regulatory framework for tokenized securities. The group is tasked with addressing critical infrastructure issues, such as custody, settlement, and liability, within a 60-day initial deadline.

The regulator said the framework will cover the registration, custody, trading and settlement of securities using distributed ledger technology.

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