Brazil's B3, the nation's largest stock exchange, is aiming to roll out a securities tokenization trading platform in the first half of 2027. The tokenized securities are expected to be interchangeable with conventional shares and to reflect the same price and liquidity levels, according to Odaily.

The launch had originally been scheduled for the second half of 2026 but has been pushed back to the first half of 2027.

Humberto Costa, B3's Products and OTC Strategy Director, said the tokenized securities would be issued based on existing assets rather than being primarily on-chain, and settlement would continue to follow the current two-business-day cycle.

B3 is also planning to issue its own stablecoin and will seek authorization from Brazil's central bank to operate digital assets and custody services. It remains to be seen whether Brazilian depositary receipts and exchange-traded funds will be incorporated into the platform's infrastructure, and around-the-clock trading or instant settlement would require regulatory approval or a new framework.