Brazil's central bank, Banco Central do Brasil, has kicked off phase two of its Drex CBDC pilot, aiming to revolutionize cross-border agricultural trade and supply chain processes. This phase focuses on a trade finance solution using blockchain and oracles, with partners like Microsoft and Chainlink on board. Chainlink's Cross-Chain Interoperability Protocol will enable secure transactions, enhancing transparency and efficiency. The pilot will tokenize electronic bills of lading and test blockchain mechanisms like DvP and PvP to streamline payments. Banco Inter leads the project, viewing it as a chance to boost Brazil's market access and economic health.