At DAC 2024, the president of the Central Bank argued that digital assets are a fundamental part of the financial base.
Brazil is moving towards a tokenized economy. This is what Roberto Campos Neto, the president of the Central Bank of Brazil, said, and he participated this Thursday (3) in the Digital Assets Conference Brazil (DAC), an event promoted by MB (Mercado Bitcoin) in partnership with CME Group, Fireblocks, and Deribit.
Roberto Campos Neto no Digital Assets Conference Brazil 2024.
“Tokenization has much greater potential in the open finance environment. When we combine the two, the potential becomes enormous, uniting comparability and portability with tokenization,” he explains.
Campos Neto goes further by reflecting on how tokenization can solve real-world problems.
He highlights that one of the current problems is the lack of control people have over their own data on the internet, which generates great frustration, since today they provide this information free of charge to large corporations.
“If we have a financial marketplace where it is possible to build a transaction history, bringing together all your data, purchases and information, and we couple a digital wallet to this system, at some point you could monetize this information through tokens.”
He revealed that the Central Bank also has a second block of regulation scheduled for 2025. “We have some challenges to overcome, and one of the topics is the taxonomy of stablecoins.