According to CoinMeta, Brazil's largest stock exchange b3 plans to launch a securities tokenization platform in the first half of 2027. The tokenized securities will be interchangeable with traditional stocks and share the same price and liquidity. Humberto Costa, the director of products and over-the-counter strategies at b3, stated that the tokenized securities will be issued based on existing assets, and trading settlements will follow the current two-working-day settlement mechanism. At the same time, b3 is evaluating the inclusion of Brazilian depositary receipts and exchange-traded funds into this infrastructure and plans to launch its own stablecoin, while also applying to the Central Bank of Brazil for authorization to operate and manage digital assets.