#212: Crown launches BRLV stablecoin in bid to become the "Circle of Brazil"
Plus: AmFi brings tokenized Brazilian credit to Asia; Lumx raises $3.4m seed round
Olá pessoal!
Welcome back to Brazil Crypto Report for the week of October 6-10, 2025.
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📰 Top Stories this Week
Crown raises US$8.1 million, launches BRLV stablecoin in bid to become “Circle of Brazil”
AmFi brings tokenized Brazilian credit to Asia via Helix partnership
Web3 gaming firm Trexx to launch blockchain on Tanssi network
Stablecoin infra provider Lumx raises $3.4 million round
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Crown raises US$8.1 million, launches BRLV stablecoin in bid to become “Circle of Brazil”
São Paulo-based fintech Crown has launched the real-backed stablecoin BRLV after raising US$8.1 million in a seed round led by Framework Ventures.
The BRLV coin is backed one-to-one by Brazilian government bonds and targets institutional investors seeking on-chain exposure to Brazil’s real and high-yield sovereign debt.
It launches with a promise of R$200 million circulating supply, which would make it the largest BRL-pegged stablecoin by market cap.
The product is aimed at three specific market segments:
Tokenization platforms and companies that transact in digital assets (for treasury operations and settlement)
Fintechs who can use BRLV for digital wallets
Qualified institutional investors who have easier cheaper access to carry trade operations.
Unlike retail-focused stablecoins, BRLV will not be listed on exchanges but will serve as a settlement instrument for tokenized assets.
CEO John Delaney said that BRLV is the world’s first stablecoin that gives its holders legal rights to the reserves that back it. This is particularly enticing in the case of Brazil, given the country’s high interest rates.
“BRLV is fully backed by Brazilian government bonds, considered among the safest and most attractive in the world. With BRLV, we are building a financial infrastructure that allows institutions to access the currency strategically, with mechanisms integrated with regulatory compliance and liquidity.
Our structure allows us to share a portion of the yield from the reserves—the LFTs (Treasury Financial Bills)—with institutional partners.”
In addition to Delaney, Crown is co-founded by family office veteran Alexander Gorra. Other participants in the funding round included Coinbase Ventures, Norte Ventures, Valor Capital Group, Paxos and Nubank co-founder Ed Wible, who will join Crown’s board.
Advisors to the project include Bruno Batavia of Valor Capital Group and André Lara Resende, one of the architects of Brazil’s Real Plan of 1994.
Vance Spencer, co-founder of Framework Ventures, argued that Crown can become the “Circle of Brazil.”
“We see Crown’s approach as the next natural step in the evolution of stablecoins—offering fintechs a new core piece of infrastructure and attracting institutional flows from global investors with direct, frictionless access to local interest rates.”
Exame Valor CoinTelegraph Brasil
AmFi brings tokenized Brazilian credit to Asia via Helix partnership
Brazilian tokenization platform AmFi has partnered with Singapore-based Helix to bridge Latin America’s high-yield credit opportunities with Asia’s global capital base.
The first product available under this arrangement is tokenized receivable paying 12% per year in USD, which is an attractive proposition for investors seeking yield amid lower global interest rates. It is backed by short-term B2B invoices from large corporate payers in Brazil.
The partnership illustrates how local Brazilian credit products remain highly lucrative to foreign investors once access barriers are removed. Brazil’s Selic rate remains far above developed-market benchmarks.
AmFi says it has already tokenized over R$ 1.9 billion in assets and that it expects to distribute US$ 100 million through this new Singapore channel in the coming year.
The partnership is a valuable illustration of how tokenized real-world assets can connect emerging-market yield to global investors.
Joao Pirola, co-founder and CPO of AmFi, said:
“There was a lack of mechanisms to align local opportunities with global funding. Through blockchain and tokenization, it’s possible to create a simpler capital pipeline.”
Web3 gaming firm Trexx to launch blockchain on Tanssi network
Brazilian blockchain gaming firm Trexx will launch a new EVM-compatible blockchain using the Tanssi network.
The new blockchain will serve to issue monetary rewards to players, with a focus on helping e-Sports teams and game creators monetize their fan bases through engagement, behavioral credit scoring and tokenized digital products.
“Gamers aren’t just users; they’re community builders and value creators,” said Helo Passos, CEO of Trexx.
By launching on Tanssi, Trexx has direct control and customization fees, revenue, revenue payouts, etc.
Thiago Rudiger, CEO of Tanssi Foundation, said in a statement:
“Projects don’t want to spend a year on plumbing infrastructure. Now that Trexx is live at Tanssi, the company can focus on delivering products that offer real benefits to the user experience.”
Stablecoin infra provider Lumx raises $3.4 million round
Stablecoin and payments infrastructure startup Lumx announced a US$3.4 million raise led by Indicator Capital and CMT Digital. The round included Antler, Honey Island and Escala Capital, along with strategic investments from Bitso, Nomad and CAF Ventures.
The funding will be used to accelerate Lumx’s Latin American expansion, and to strengthen regulatory and technological capabilities.
Founded in 2022, Lumx provides middleware that connects traditional financial institutions like banks, fintechs, and payment processors to stablecoin ecosystems.
The raise positions Lumx as a major player in the Latin America stablecoin infrastructure race.
Caio Barbosa, co-CEO of Lumx, said in a statement:
“The world is paying attention to the transformation brought about by stablecoins and how they are redefining payments and financial infrastructure. This round reinforces our role in leading this advancement responsibly, building bridges between banks, fintechs, and a more reliable and transparent stablecoin ecosystem for all of Latin America.”
CoinTelegraph Brasil Portal do Bitcoin Exame
🗞Brazil Crypto News Rundown
📈 Markets
Bitso rolled out a complete rebrand, redesigned app, and expanded product suite for both consumers and businesses across Brazil and other markets in Latam. (CoinTelegraph Brasil)
Brazil’s overall tax burden is projected to climb from 34% to 42.8% of GDP by 2050 - the sharpest increase globally - driven by demographic pressures and rising social costs, according to a new study by the Instituto Esfera de Estudos e Inovação. (CoinTelegraph Brasil)
OranjeBTC, the first publicly traded Bitcoin Treasury Company in Latin America and the 26th largest globally, purchased 16 new bitcoins last week. It ended its debut week on Brazil’s B3 exchange down 29.5%, falling from R$24 at launch on October 7 to R$16.90 by October 14. (CoinTelegraph Brasil) (Portal do Bitcoin)
A study by Altside shows that six cryptocurrencies dominate investment portfolios in Brazil, with bitcoin and Ethereum leading the way, followed by BNB, Solana, Cardano, and XRP. (CoinTelegraph Brasil)
The Chicago Mercantile Exchange (CME Group), the world’s largest derivatives marketplace, has identified Brazil as a strategic hub for expanding its cryptocurrency products. Giovanni Vicioso, head of global crypto products, cited rising institutional demand, strong regulation, and the country’s leadership in digital asset innovation.
“Brazil is at the center of our radar. The interest and maturity of the local market are impressive and demonstrate the region’s potential for further growth.” (CoinTelegraph Brasil)
📲 Adoption
Mobiup has released a new platform called RWA Monitor that integrates multiple blockchains and organizes real-time data on tokenized assets. It features data from issuers like Foxbit, Liqi, Amfi, Mercado Bitcoin, Dexcap, Vert Capital, and Dux. (CoinTelegraph Brasil)
Nubank ranked 4th on Fortune’s list of the world’s fastest-growing companies in 2025, reflecting its rapid international expansion and continued profitability. (CoinTelegraph Brasil)
Cultura Builder, a hub for promoting innovation and artificial intelligence, launched a strategic partnership with Solana Superteam Brazil to incentivize projects that use Solana and artificial intelligence. Antonio Neto, growth lead for Latam at Solana Foundation, said:
“We want to democratize access to these technologies and show that it is possible to build world-class Web3 applications from Brazil, combining the efficiency of Solana with the transformative power of Artificial Intelligence.” (CoinTelegraph Brasil)
Brazilian fintech OnilX has launched the OnilX Crypto Card, enabling users to make everyday purchases with crypto by instantly converting USDT balances into Brazilian reais at checkout. (CoinTelegraph Brasil)
EtherFi Cash, the global payments platform backed by the Ethereum liquid staking protocol EtherFi, has integrated Pix. Users can buy, sell, and transfer bitcoin, Ethereum, and stablecoins directly through local rails. Mike Silagadze, CEO of EtherFi, told CoinTelegraph Brasil:
“Brazil is our number one market in terms of users, and Pix integration is important to enable the use of Cash in everyday life.”
🏛 Policy, Regulation and Enforcement
ABToken released a reference guide for entities seeking to apply for a VASP license under the Central Bank’s soon to be released regulatory framework.
Former Central Bank president and current Nubank official Roberto Campos Neto warned against short-sighted attempts by the government to raise taxes on cryptocurrency, saying that while the Central Bank supports regulatory modernization, any new tax framework must avoid stifling technological progress or driving businesses abroad. (CoinTelegraph Brasil)
The Receita Federal, Brazil’s tax authority, issued an alert denying alleged monitoring of transactions made by Pix or other payment methods. The statement came in response to news reports saying that agency was engaging in the practice. It said:
“Federal Revenue Service has never had, nor will it have, information on the transaction modalities. In other words, it is not reported whether it was made via Pix, TED, DOC, deposit, or any other method; it has never had, nor will it have, individual transaction amounts reported; it has never had, nor will it have identification of the origin or destination of the funds reported.” (CoinTelegraph Brasil) (Portal do Bitcoin)
Federal Deputy Hugo Leal requested information from the Ministry of Finance to provide further details on how it is monitoring tax collection from betting houses and cryptocurrency transactions. (Portal do Bitcoin)
A court in Brasília suspended a real-estate tokenization resolution issued by Cofeci, Brazil’s real estate brokers’ council, allowing property tokens to be registered on blockchain networks. The decision came in response to a lawsuit filed by the National Operator of the Electronic Real Estate Registry. (CoinTelegraph Brasil)
The Trump administration has reportedly expressed concern over cryptocurrency-linked money laundering activities in Brazil, warning that digital assets are increasingly being used to move illicit funds tied to organized crime and corruption. (CoinTelegraph Brasil)
Brazil’s Federal Police launched Operation Narco Bet to dismantle a transnational money-laundering network tied to international drug trafficking. Investigators say the group used cryptocurrencies and online betting platforms to conceal illicit funds. (Valor) (CoinTelegraph Brasil)
Avenia and Tecban have joined ABCripto, a trade group representing blockchain companies in Brazil. (CoinTelegraph Brasil)
Coins.xyz, a global crypto asset trading platform, has joined ABToken. (CoinTelegraph Brasil)