Tokenize Real Estate in Brazil

Yes. Brazil regulates tokenization through two authorities: the CVM (Comissão de Valores Mobiliários) oversees tokens that qualify as securities under the Securities Market Law, while the Central Bank (BCB) licenses virtual-asset service providers under Law 14,478/2022. A dedicated bill, PL 4.438/2025, aims to give real estate tokenization explicit legal clarity by linking token ledgers to property registries.

Yes. Foreigners can acquire urban real estate in Brazil without residency, provided they hold a CPF (individual taxpayer registration), and can also hold tokenized fractions of property. Tax treatment differs between residents and non-residents, so structure and reporting should be confirmed locally.

Drex is the Central Bank's distributed-ledger infrastructure for tokenized bank deposits, loans and government securities. Rather than a classic retail digital currency, it is a settlement platform designed to support tokenized finance – part of why Brazil is regarded as a leader in real-world-asset tokenization.

Oversight is shared. The CVM regulates securities-like tokens, including public offerings and trading. The Central Bank regulates virtual-asset providers; in November 2025 it issued Resolutions 519, 520 and 521 creating an authorization pathway for custodians, exchanges and intermediaries (SPSAVs), with firms applying from February 2026 followed by a transition period.

Capital gains for resident individuals are taxed progressively – 15% up to BRL 5 million, rising to 17.5%, 20% and 22.5% on higher brackets. Non-residents face a flat 15% (25% if based in a low-tax jurisdiction). Rental income to non-residents is generally taxed at 15%, alongside municipal transfer tax (ITBI, roughly 2–3.5%) and annual IPTU (roughly 0.1–0.3%). Confirm the treatment of a tokenized holding with a Brazilian tax advisor.

Netspaces ran Brazil's first tokenized property – a commercial office in Porto Alegre that attracted more than 400 fractional owners in 120 days – and now licenses its platform across 180+ municipalities. Other fintechs such as Liqi and the exchange Mercado Bitcoin are building tokenized real-world-asset offerings, with São Paulo emerging as a regional hub.