Pharos can still tell you how this asset is supposed to work, when it expects to launch, and what sources to watch. Live market, peg, liquidity, and safety surfaces activate only after the first post-launch data sync.
Announced Jan 6 2026 on 'Cripto na Real' by former Brazil central bank deputy governor Tony Volpon (BCB 2015-16, ex-UBS/Nomura MD); to be issued by CF Inovacao (co-founded with Jose Carneiro in 2023), targeting institutional investors who want on-chain access to Selic-rate yield (~15%); positioned as the first BRL-pegged token to explicitly share government-debt yield with holders, competing against Crown's BRLV which raised a $13.5M Series A from Paradigm in December 2025; no formal product docs or deployment timeline yet; awaiting BCB Resolution implementation under Public Consultation 111 (FX-classification regime effective February 2 2026)
BRD Stablecoin
BRD
At a Glance
- Backing
- Real-World Asset Backed
- Governance
- Centralized (CeFi)
- Peg Currency
- Brazilian Real
- Jurisdiction
- Brazil (Banco Central do Brasil (Consulta Publica 111 pending))
- Yield-Bearing
- Yes
Launch Timeline
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/subscribe launch brd-volponActivity Timeline
Brazil stablecoin FX-classification regime takes effect
BCB resolutions classifying stablecoin transactions as foreign-exchange operations enter force; BRD launch deferred pending issuer compliance under the new regime and final Consulta Publica 111 output.
SourceTony Volpon unveils BRD yield-sharing BRL stablecoin on 'Cripto na Real'
Former BCB deputy governor announces CF Inovacao-issued BRD, backed by Brazilian government debt with Selic-rate yield distributed to holders; positions BRD against existing BRL stablecoins and Paradigm-backed Crown BRLV.
SourceSelic-Linked Yield, In a Token
BRD is a BRL stablecoin announced January 6 2026 by Tony Volpon, a former deputy governor of the Central Bank of Brazil, through his company CF Inovacao. The distinctive structural choice: BRD is backed by Brazilian National Treasury bonds and explicitly designed to pass the Selic-linked yield (currently around 15%) back to holders, rather than retaining it as issuer revenue. That is the same model Crown's BRLV already operates in institutional channels — Crown raised $13.5M from Paradigm in December 2025 — but BRD is positioning as the first to make yield-sharing the primary product framing rather than a niche feature. The competitive set in Brazilian BRL stablecoins is small but real: Transfero BRZ ($185M), BBRL ($51M), BRL1, plus cREAL on Celo. The harder gate is Brazilian regulation: BCB's FX-classification regime took effect February 2 2026 and final Consulta Publica 111 output is still pending, which is why Volpon has not published a launch date alongside the announcement.
Updated
Discover
Former Brazil central bank official unveils real-pegged stablecoin with yield sharing
Tony Volpon's CF Inovacao to issue BRD, a BRL token backed by Brazilian Treasury bonds with the Selic-linked yield (~15%) passed through to holders.
BRD joins Brazil's stablecoin race with yield-sharing digital real
Competitive landscape against Transfero BRZ ($185M), BBRL ($51M), BRL1, and Crown BRLV; structural differentiation through explicit yield distribution to holders.
Links
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