Brazil Tokenizes Court-Ordered Debt on Blockchain to Unlock R$150bn Market

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Brazil's precatórios — court-mandated government payments — are notoriously illiquid, with holders sometimes waiting over a decade to receive funds despite the debt being legally guaranteed. Traditionally, creditors were forced to sell these assets to specialized funds at discounts of 40–60% through slow, paper-heavy processes. Blockchain tokenization offers an alternative by legally assigning the credit to a special-purpose entity, which then issues fractional digital tokens tradeable on networks like Stellar within seconds at minimal cost. The model includes KYC controls, cryptographic audit trails tied to official court reference numbers, and oracle-based verification to prevent fraud such as double-assignment. Brazilian fintechs have already tokenized hundreds of millions of reais in such credits, with the country's securities regulator CVM and the Central Bank's DREX initiative both engaging with tokenized-receivables frameworks.

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