Drex e tokenization will be at the center of the Central Bank's strategy for the coming years

Source: PortaldoBitcoin Original Title: Drex and tokenization will be at the center of the Central Bank’s strategy for the coming years Original Link: The success of Pix was just the starting point of a deeper transformation of the Brazilian financial system, which will prioritize real asset tokenization and the restructuring of Drex, according to Rogério Lucca, the Central Bank’s executive secretary, who presented the agency’s strategic plan for the 2026 to 2029 cycle.

In the Central Bank’s view, the convergence of these initiatives will give rise to the “third major public digital infrastructure” of the country, alongside Pix and Open Finance.

According to Lucca, Drex does not reach its full utility without a functional ecosystem of real asset tokens, while tokenization lacks a secure and standardized institutional environment to scale.

For the executive secretary, advancing these fronts is essential to bring the transactional efficiency already observed in Pix to the layer of financial assets, modernizing the capital market without compromising system stability. “This gain I have in terms of information in Open Finance potentially I will also be able to have in the future with the use of Drex or tokenization, using my assets to obtain financial services,” he said.

The integration between Pix, Open Finance, and Drex is seen by the Central Bank as a differentiator of the Brazilian model. While Pix simplified money transfers, tokenization expands the possible uses of different assets, and Open Finance levels the access to information among institutions.

In this arrangement, Drex would function as the settlement layer, allowing financial products to become more efficient and cheaper for the end customer. “In Open Finance, as I can take this information and pass it to other financial institutions, I have a more equal competition in providing credit to me,” Lucca explained, emphasizing that various institutions will have information about good and bad payers.

As part of the modernization agenda, the Central Bank is working to integrate the Brazilian government bond system with the international market and update the resolution regimes for financial institutions, measures that, according to the executive secretary, can facilitate global investor access to the domestic market and generate positive effects on monetary policy.

Lucca acknowledged that technological innovation introduces new risk vectors and vulnerabilities, which explains the increased regulatory rigor planned for the coming years. After the growth of frauds and scams recorded in 2025, the Central Bank intends to intensify supervision of financial agents. For the secretary, the challenge is to raise the level of protection without stifling innovation.

Among the measures he mentioned are clearer rules and direct supervision for Virtual Asset Service Providers, increased monitoring of institutions providing banking infrastructure for third parties, and raising minimum capital requirements for new institutions to ensure that only robust companies join the financial system.

Despite the ambitions, the Central Bank itself admits that Drex faces technological limitations. The initially tested blockchain technology proved inadequate for the agency’s needs. Nevertheless, the Central Bank made it clear that it has not abandoned the project.