The tokenization of cryptocurrencies
The cryptocurrency market is constantly growing. This was followed by a process of “tokenization”, which is gaining enormous relevance in international and national scenarios. In a simplified way, it includes the process of smart contracts and “blockchain” technology to fragment any asset into fractional do dedo portions, in a decentralized ecosystem.
Bringing more efficiency, security, cost reduction to operations and transparency, which facilitates trading in gigantic markets, such as DeFi or crypto exchanges. With the intensive rise to this universe, the market started to create several types of tokens with different purposes, we have as an example: Utility tokens, Non-fungible tokens (NFT), Securite tokens and Payment tokens, standing out among several categories of tokens .
Tokenization has been a topic discussed for over 10 years, but with all this evolution, everything indicates that we are living in this era. Using “blockchain” in the tokenization of physical assets is already a process that Gilson Finkelsztain wants to include in his company, B3, where he is the CEO.
The Fintech Vortx and QR Capital partnership agreed to participate in the regulatory sandbox of the Securities and Exchange Commission (CVM) and carried out regulatory tests of the first capital market tokens using “blockchain” in this sandbox.
A big advantage is that the “blockchain” is fraud-proof. Well, it’s about converting any asset into a token, be it real or monetary, something that requires a high security fee. With tokenization, there is the possibility of exchanging information, where there is a guarantee of the veracity of the conditions, by all the participants of the network.
Possessing unquestionable confidence. Which is important to emphasize, since in fact trust is the key to carrying out negotiations. Something very important when it comes to credit. It is assumed that the law needs human interpretation to be applied. When translating code into “blockchain”, it does so from the consensus network.
Making the tokenization of financial assets, reach the eyes of the global market, because it discards the need for trust, separating risk analysis. The biggest obstacle at the moment is related to regulatory challenges, facilitated by the Howey tests, in which it prohibits the offer of assets to a Brazilian citizen.
With the requirement of express authorization from the CVM (Brazilian Securities and Exchange Commission), but it only makes exceptions in some specific cases. Cases, in addition, an identified and self-preservation Waller to combat money laundering, support terrorism and private key management to reduce permitido uncertainty, inheritance, litigation or permitido disputes.