Brazilian stock exchange B3 will launch its own tokenization platform and stablecoin.

Brazil's leading stock exchange, B3, plans to launch a tokenization platform and its own stablecoin next year, deepening its involvement in the cryptocurrency space. This stablecoin will facilitate trading in tokenized assets and is expected to be pegged to the Brazilian real. The tokenization platform will allow assets to be tokenized and traded on the exchange. Luiz Masagao, B3's VP of Product and Clients, stated that the two systems will share the same liquidity pool. B3 is also expanding its cryptocurrency derivatives offerings, including new options and contracts pegged to cryptocurrency prices.