For countries to remain relevant and competitive in the global market, they must stay abreast of financial asset developments, issuance and management. One of the concepts that has gained the most momentum in recent years is the tokenization of finance, enabling greater efficiency, accessibility and inclusion. In Brazil, Pix, Open Finance and more recently Real Digital are examples of how technological innovations are shaping the way companies and users handle money.
Tokenization is about representing real-world assets on blockchain networks. These tokens are programmable and can be easily traded or transferred, eliminating middlemen and reducing transaction costs.. As a result, the process offers a simpler, more transparent and smoother financial ecosystem.
“One of the most significant benefits of tokenization is its potential to expand access to business opportunities. This inclusive approach opens up new opportunities for financial participation by individuals and companies and empowers a broader part of society. An example of this is embedded finance, which enables companies from other industries to offer financial products to their customers.” explains Ticiana Amorim, CEO of Aarin, a company specializing in Pix and Open Finance.
Several countries have already embraced tokenization, recognizing its potential to drive economic growth and innovation. Countries with strong regulatory structures and supportive policies attract startups and foster an environment conducive to the development of fintech companies. This makes them better able to attract foreign investment and build a robust digital infrastructure.
For Ticiana, governments need to work with industry experts and stakeholders to create clear and adaptable regulatory structures for tokenization. This is what the executive argues To encourage widespread adoption, a balance must be struck between encouraging innovation and protecting investors.
“Collaboration between the public and private sectors is crucial to driving technological progress and encouraging the emergence of new ideas and solutions. In Brazil, the central bank has played a very important role, not only in developing systems but also in collaborating with players in this market.” he adds.
Proof of the success of tokenization in Brazil is the introduction of the Pix as one of the payment and transfer methods preferred by the population.. So much so that it breaks transaction records every month, surpassing other more traditional forms such as tickets, electronic transfers and bank checks.
“Overall, tokenization has the potential to reshape various aspects of the economy and society. It represents a paradigm shift and can contribute to financial inclusion, investment opportunities and transparency across all sectors. By adopting this technology and developing comprehensive strategies, we do not lag behind in updates and remain competitive in the financial world.“, concludes Ticiana.