Venture
Brazil tightens 2025 stablecoin oversight as Drex advances; BRLV targets treasuries seeking BRL yield and compliant cross-border rails.
October 14, 2025
Companies mentioned:
Framework Ventures led Crown’s $8.1 million seed to launch BRLV, a fully reserved Brazilian real stablecoin designed with institutional yield and compliance controls.
The timing aligns with Brazil’s planned 2025 stablecoin framework and the central bank’s Drex CBDC rollout, positioning BRLV to serve regulated on‑chain BRL settlement and treasury use cases. BRLV enters a market with incumbents like Transfero’s BRZ and growing demand for local‑currency rails that minimize FX frictions for merchants, remittances, and crypto exchanges.
Crown’s pitch—programmable BRL with access to Brazil’s risk‑free rate for qualified counterparties—could differentiate versus dollar‑pegged alternatives if it secures robust banking, auditing, and redemption pathways.
If executed, BRLV signals a broader shift toward non‑USD stablecoins with yield‑aligned treasuries in jurisdictions moving to formalize oversight.
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