B3, the operator of Brazil’s sole stock exchange, confirmed it will launch a proprietary tokenization platform and a Brazilian Real-pegged stablecoin in 2026. The announcement, made by VP of Products Luiz Masagão at B3 Day 2025, signals a structural shift for the $80 billion exchange entity (B3SA3), moving from offering crypto derivatives to integrating blockchain into its settlement plumbing.
Unified Liquidity
Unlike typical distinct digital asset sandboxes, B3’s architecture is designed for shared liquidity. The order book will treat tokenized assets and traditional securities as fungible. A buyer could theoretically purchase a tokenized asset that is fulfilled by a seller of the traditional security, with the exchange’s engine handling the conversion.
Masagão described the stablecoin not as a retail product, but as internal infrastructure to replace legacy cash settlement layers. By keeping settlement on-chain within its own ecosystem, B3 aims to facilitate 24/7 trading cycles that legacy banking rails cannot support.
The B3 stablecoin fills a gap in the digitalized economy market, with the end of the Drex by the central bank.
Masagão’s comment refers to the Central Bank of Brazil’s recent pivot on Drex (the Digital Real), effectively ceding ground to private sector solutions for immediate settlement needs.
Weekly Options Under Review
Beyond infrastructure, B3 is expanding its derivatives shelf. The exchange has filed for regulatory approval with the CVM (Comissão de Valores Mobiliários) to list weekly options contracts for Bitcoin, Ethereum, and Solana. These products would complement existing crypto ETFs and futures already trading on the platform.
B3 shares (B3SA3) remained relatively flat following the announcement, trading near 13.30 BRL.
