Brazilian stock exchange B3 to launch its own tokenization platform and stablecoin

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Source: CryptoNewsNet Original Title: Brazilian stock exchange B3 to launch its own tokenization platform and stablecoin Original Link: Brazil’s main stock exchange B3 is planning on deepening its involvement in the cryptocurrency space through the launch of a tokenization platform and its own stablecoin next year.

The tokenization platform is set to allow assets to be tokenized and traded on the exchange, with Luiz Masagão, B3’s vice president of products and clients, saying both systems will share the same liquidity pool.

“The token buyer won’t know they are buying from a traditional stock seller,” Masagão added. “This allows for a smooth transition, with both systems using the same liquidity.”

To support settlement, B3 also plans to issue a stablecoin. It would serve as a payment and clearing tool inside the tokenized environment, reducing reliance on existing cash processes.

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