Brazil’s largest securities exchange, B3, expects to launch a platform for tokenized assets in the first half of 2027, after moving the timetable from the second half of 2026. The platform is designed to issue tokens backed by existing shares, with pricing and liquidity aligned with ordinary stocks. Tokenized shares are expected to trade on the same order book as conventional shares and settle under the current T+2 cycle, meaning two business days after the trade date. Twenty-four-hour trading and instant settlement would require approval from Brazilian regulators or broader regulatory changes. B3 is assessing whether Brazilian Depositary Receipts and exchange-traded funds will be included. The exchange also plans to issue its own stablecoin and seek authorization from Brazil’s central bank to conduct digital-asset operations and provide custody services.