“It is natural for us to expand into the world not regulated cryptocurrency, ”said Finkelsztain, who added that B3 is not planning to be a cryptocurrency exchange but to provide services to cryptocurrency traders. B3 plans to launch crypto exchange-traded fund (ETF).
Brazilian companies have launched five crypto ETFs. Crypto asset manager Hashdex has launched three of these products, while fintech firm QR Capital has released the remaining two. In October, the Brazilian central bank said that B3 could serve as a blockchain leader for the smart contracts system of a digital real (CBDC).