Brazil's securities regulator CVM is investigating tokenization activities in the country

ChainCatcher news, Brazil's securities regulator CVM is investigating the country's tokenization activities. According to local media reports, the CVM has sent letters to several companies providing tokenization services to third parties, requesting data related to their operations and the types of tokens issued in these activities.

Some of the questions raised in these letters pertain to the number of tokenization operations completed by each company, the names of the assets supporting these operations, and the so-called classification of these tokens (utility tokens, payment tokens, or securities).