YEREVAN (CoinChapter.com) — At a recent panel with the International Monetary Fund (IMF) and the World Bank in Washington, the Brazil Central Bank highlighted tokenization and open finance. It described these as essential for the future of finance. Roberto Campos Neto, President of the Central Bank, explained that combining these tools could simplify financial operations. He added that this approach could also increase efficiency.
Tokenization, when paired with open finance—which facilitates regulated data and service sharing with user consent—creates a seamless financial ecosystem. Campos Neto emphasized that this integration could simplify financial service delivery and broaden options for consumers within a unified environment.
Moving Bank Operations to a Token-Based Model
Campos Neto also further explained how tokenization could shift banking from an account-based model to a token-based approach. This enhances efficiency and risk management. In addition, Campos Neto highlighted that tokens provide banks with efficient methods for handling collateral and funding needs.
“Banks will slowly move from looking at the balance sheet on an account basis to looking at it on a ‘token’ basis,”
he said, adding that this transition could improve productivity across the financial sector.
This shift aligns with Brazil’s broader regulatory goals. Tokenization and stablecoins will be prioritized in Brazil’s 2025 regulatory framework. According to Campos Neto, these digital assets could support expanded capital market access and reduced costs in credit and payment services.
Brazil’s Open Finance and Digital Currency Initiative
Notably, in line with its digital asset strategy, the Central Bank has also introduced Drex. This is Brazil’s Central Bank Digital Currency (CBDC) project. Drex incorporates artificial intelligence (AI) and programmable payment functions, supporting a modernized financial environment. Above all, by integrating with open finance initiatives, Drex aims to establish a cohesive marketplace where digital assets can operate effectively within Brazil’s economy.
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