Brazil’s CVM forms tokenization working group as Liqi and XDC raise issuance target to $2 billion
Brazil’s Securities and Exchange Commission, the Comissão de Valores Mobiliários (CVM), set up a dedicated tokenization working group in July to study how distributed ledger technology can be used for securities registration, custody, trading, and settlement, according to Techub News citing BeInCrypto. The group is also expected to propose an experimental regulatory framework for tokenized securities. Separately, Brazilian tokenization platform Liqi Digital Assets renewed its partnership with XDC Network for another two years and increased their total issuance target through 2028 from $500 million to $2 billion. The revised plan includes the original $500 million target that has already been completed, plus an additional $1.5 billion in planned issuance. Liqi said the initial $500 million goal, signed with XDC in April 2025, was completed in about 15 months, 9 months ahead of the original 24-month schedule. The company added that it has tokenized about $835 million in assets on the XDC mainnet through 378 smart contracts, covering 386 series and 60 asset pools.








