On the CBN Dinheiro program, specialist Marcelo d'Agosto answered a question from listener Carlos about "tokenized" stocks. The question sought to understand what these assets are and what their advantages and risks are.
According to the specialist, a token is a kind of certificate in the world of cryptocurrencies, and tokenized stocks are digital certificates representing certain stocks traded in the market. The traditional process of buying and selling stocks requires an account with a brokerage and operations carried out through the stock exchange, where the institution verifies whether the buyer has sufficient funds and whether the seller actually has the stock to deliver.
Unlike the traditional model, operations with tokenized stocks do not go through the stock exchange. The cryptocurrency brokerage itself carries out the settlement of the transaction using blockchain technology. In practice, the investor buys a stock that is held in custody at the crypto brokerage, and their ownership guarantee is based on the digital record provided by this technology.
