Crown’s tokenized real gives institutions compliant exposure to Brazil’s lucrative fixed-income market
São Paulo-based fintech firm Crown has launched BRLV, a new Brazilian real–denominated stablecoin fully backed by the country’s government bonds, providing institutional investors with a compliant, on-chain gateway to Brazil’s double-digit yields.
The company raised $8.1 million in a funding round led by Framework Ventures, with participation from Valor Capital Group, Coinbase Ventures, and Paxos.
Crown’s BRLV token aims to simplify global access to Brazil’s high-yield sovereign bond market, where yields currently hover near 14%, among the highest globally. The bonds are linked to the Central Bank of Brazil’s Selic rate, which stands at 15% following a series of hikes to combat inflation.
“The safest way to manage stablecoin reserves and ensure full backing is by investing them in government bonds,” said John Delaney, Crown’s co-founder and CEO. “Unlike most issuers that retain this yield, we designed BRLV with an income-sharing model for institutional partners.”
Tokenization meets traditional finance
The BRLV stablecoin is designed to serve as a bridge between traditional finance and blockchain, providing investors with digitized exposure to Brazilian fixed income without the usual regulatory and currency barriers.
By leveraging tokenization, Crown aims to attract both foreign institutions and domestic fintechs seeking efficient access to BRL-linked yields through compliant blockchain infrastructure.
Brazil’s growing stablecoin ecosystem
Brazil has emerged as Latin America’s leading crypto market, with $318.8 billion in crypto transaction volume between July 2024 and June 2025, according to Chainalysis. Stablecoins account for over 90% of that activity, reflecting their expanding use in payments, remittances, and institutional trading.
However, the Central Bank of Brazil has warned that foreign currency–backed stablecoins could increase capital flow volatility. Officials say real-pegged tokens like BRLV offer a safer, more transparent alternative aligned with domestic monetary policy.
Existing real-based stablecoins include BRZ (issued by Transfero) and BRL1, a consortium-backed token offered by exchanges such as Bitso.
With its government bond-backed reserves, Crown’s BRLV could become a model for how tokenized sovereign debt enables new global investment channels into emerging markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.