CVM 88 and RWA: How Foreign Investors Enter the Brazilian Tokenized Asset Market with Legal Safety
Understand how CVM Resolution 88 created the regulatory framework for security tokens in Brazil, what changes for foreign funds, and how to structure a tokenized RWA operation with full compliance.
Inside this article
- Brazil at the forefront of digital asset regulation
- What is CVM Resolution 88 and its impact
- Fundraising limits and operational guidelines
- Why Brazil attracts foreign capital for RWA
- The local compliance barrier and how to overcome it
Brazil: A Regulatory Leader
While the US market still faces legal battles over what constitutes a security, Brazil has built a clear framework. This predictability is vital for institutional foreign funds.
Avalon provides the strategic consultancy needed to navigate CVM compliance, ensuring a smooth soft-landing for international investments.
Ricardo Zago
Ricardo Zago is the founder of Avalon Blockchain Consulting. He is a Professor of Web3 and Blockchain at FIAP and a startup mentor at ACE Ventures and Rock New Ventures. He brings over 25 years of technology experience with Whirlpool, Accenture, and BASF, and 8 years dedicated to blockchain.