The initiative focuses on connecting tokenized asset trading with the Drex platform, part of Brazil's efforts to develop a Central Bank Digital Currency (CBDC), designed to modernize the country's financial system. ANBIMA’s tokenization project is also inspired by the principles of Open Finance. Standardized protocols and blockchain interoperability are key concepts, ensuring that various market participants can seamlessly engage with the Drex environment.

Organized through ANBIMA’s Innovation Network, the Tokenization Journey is a collaborative project that brings together around 100 specialists from over 50 member institutions. These experts work alongside regulators such as the Central Bank of Brazil and the Securities and Exchange Commission (CVM) to evaluate the feasibility of testing tokenization across different financial products.

The Tokenization Initiative is a strategic part of ANBIMA’s 2023-2024 agenda, comprising four key phases. Currently, the project is in the knowledge-sharing stage, with workshops and masterclasses educating participants on decentralized finance (DeFi) and blockchain. The final phase will include a roadmap for a pilot program, starting in 2025.

By spearheading this project, ANBIMA aims to position Brazil’s capital markets at the forefront of innovation, unlocking new opportunities for liquidity, efficiency, and business models within the investment industry.