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BitGo opens Brazilian subsidiary as tokenization reshapes the country’s capital markets
With $835M in tokenized assets already recorded and B3 building its own platform, Brazil is becoming one of the most active arenas for real-world asset tokenization globally.
BitGo, one of the largest institutional digital asset custodians in the world, formally launched its Brazilian subsidiary, BitGo Brasil Tecnologia Ltda., on July 25, 2025. The move puts BitGo directly inside Brazil’s regulatory perimeter at a moment when the country is tightening rules for virtual asset service providers, including requirements around local management of cryptographic keys.
Why Brazil, why now
Brazil’s securities regulator, the Comissão de Valores Mobiliários, known as the CVM, formed a dedicated Tokenization Working Group in July 2026 to develop an experimental framework specifically for tokenized securities. The group includes ANBIMA, ABCripto, and other prominent market organizations, all focused on building distributed ledger technology infrastructure that meets the CVM’s standards.
Luis Ayala, BitGo’s Director for Latin America, was direct about the firm’s posture when the subsidiary launched. The goal is to be a compliant partner for Brazilian banks and brokerages as they navigate a shifting regulatory environment.
The numbers behind Brazil’s tokenization surge
By September 2026, Brazil had recorded $835 million in tokenized assets across 386 series, 60 asset pools, and 378 unique smart contracts. The assets span structured credit instruments and a wide range of real-world assets.
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Brazil’s main exchange, B3, announced plans for its own tokenization platform and a stablecoin product, targeting a launch in late 2026. B3 handles roughly the same role in Brazil’s financial system as the NYSE plays in the United States.
What custody infrastructure has to do with all of this
BitGo’s Brazilian subsidiary is positioned to serve banks and brokerages specifically, not retail platforms. The firms most likely to issue tokenized credit or structured products at scale in Brazil are the same firms that need institutional-grade custody before their compliance teams will sign off on digital asset exposure.