B3 BRL Stablecoin (BRL-B3) pre-launch stablecoin tracker
BRL-B3 is a pre-launch Brazilian real settlement stablecoin from B3, Latin America's largest stock exchange, designed for its tokenized asset trading platform.
Phase
Current launch phase
Target launch
Target drift
Moved 2× · last Sep 27, 2026
Since announcement
Announced Dec 2025
Live surfaces
Activates at launchPrice & peg · Supply & flows · Liquidity · Safety Score · DEWSB3's Settlement Real, Still in Testing
BRL-B3 is the pre-launch real settlement stablecoin from B3, Latin America's largest stock exchange, built for its tokenized platform. Brazilian press and B3's digital-assets director have named Polygon as its chain, and backing is planned to be mainly cash and Tesouro Nacional securities. B3's own second-quarter results note confirmed in August 2026 that infrastructure testing had begun. The launch has slipped repeatedly. A first-half 2026 window passed, the August-to-September window B3's director named at Expert XP passed with no deployment, and at B3 Week on September 15 the company framed readiness for new use cases, including tokenized collateral, for the start of 2027. Pharos moved the expected launch to 2027 on September 27. On October 8 a B3 executive went further: B3RL will not settle the first tokenized shares targeted for early 2027, and the settlement currency for those trades is still undecided between stablecoins, tokenized deposits and a possible Drex link. Pharos moved the launch phase back to testnet on October 18. The constraint has changed shape: B3RL no longer has a confirmed first job on B3's own platform, so its launch now depends on B3 choosing it over those alternatives.
· AI summary · drafted by claude-opus-5-5 · facts as of 2026-10-19
AI policy
BRL-B3 Launch path
Testnet phase, targeting 2027 after 2 target moves; 8 milestones logged since Dec 2025.
Target history (2)
- H1 2026retired Jun 7, 2026
- H2 2026retired Sep 27, 2026
- 2027current target
Launch status narrative
Latin America's largest stock exchange (B3/Sao Paulo) is developing B3RL, its own BRL settlement stablecoin for tokenized-asset trading. At B3's Tokenization Day (May 26-27 2026), coverage indicated a later-2026 / H2 2026 window for B3RL and the tokenized-asset registry; the prior H1 2026 window elapsed with no on-chain deployment visible. At Expert XP on July 23-24 2026 B3 placed the launch between August and September 2026, and its Q2 2026 results note (August 11) confirmed infrastructure testing of B3RL had begun, the first B3-owned confirmation of the ticker. That window also lapsed: at B3 Week on September 15 2026 digital-assets director Felipe Paiva said infrastructure for new use cases, including tokenized collateral, would be ready at the start of 2027, and September reporting frames B3RL as a 2027 launch. Backing is mainly cash and Tesouro Nacional securities, with Polygon named in Brazilian press and by Paiva. No deployment was visible as of September 27 2026, and Pharos moved the expected launch to 2027 on September 27 2026. On October 8 2026 B3 said B3RL will not settle the first tokenized shares targeted for early 2027 and that the settlement currency remains undecided. Pharos moved the launch phase from launching-soon to testnet on October 18 2026, reflecting infrastructure testing with no near-term settlement role.
Launch status: quick answers
- When will BRL-B3 launch?
- Pharos records BRL-B3 in the testnet phase. It was announced in Dec 2025. The current launch target is 2027, after 2 earlier targets. Targets come from issuer statements; Pharos does not estimate launch dates.
- Who issues BRL-B3?
- BRL-B3 is a pre-launch Brazilian real settlement stablecoin from B3, Latin America's largest stock exchange, designed for its tokenized asset trading platform.
- Is BRL-B3 live yet?
- Pharos lists BRL-B3 as pre-launch (the testnet phase): no price and market-cap source is admitted for it yet, so Pharos shows no price, supply, liquidity or Safety Score. Live tracking starts once both can be verified.
BRL-B3 Activity
- Milestone
B3 says B3RL will not settle the first tokenized shares
At an FGV event in Sao Paulo, B3 executive Humberto Costa said B3RL will not take part in the initial settlement of tokenized shares targeted for early 2027, that the settlement currency is still undecided between stablecoins, tokenized deposits and a possible Drex link, and that B3 will file a broad Central Bank crypto intermediation and custody license request before October 30.
Source - Delay
B3 Week: B3RL still in testing; tokenization infrastructure readiness targeted for early 2027 as the August-September window lapses
At B3 Week 2026, digital-assets director Felipe Paiva said B3 is advancing its platform, the B3RL stablecoin (built on Polygon, backed mainly by cash and public securities), and tokenized instruments, and that at the start of next year B3 will be prepared to build new use cases including tokenized collateral. The August-September launch window stated at Expert XP in July passed with no deployment; reporting through September 21 frames B3RL as a 2027 asset.
Source - Testnet
B3's Q2 2026 results note confirms infrastructure testing of B3RL has begun
B3's own Bora Investir results summary states the company started testing the infrastructure of B3RL, its stablecoin, as a step toward asset tokenisation. It is the first B3-owned source to name the B3RL ticker.
Source - Milestone
B3 narrows the B3RL launch window to August-September 2026
Coverage of Expert XP 2026 reports B3 director Felipe Paiva placing the B3RL launch between August and September 2026, with backing mainly in cash and Tesouro Nacional securities and tokenised assets to follow in early 2027.
Source - Milestone
B3 director confirms B3RL launches "in the coming months" at Expert XP 2026
Director Felipe Paiva said B3 launches B3RL in the coming months, with asset tokenization to follow in early 2027; corroborated by Jornal do Comércio on July 24.
Source
Earlier activity (3)
- Milestone
B3 clarifies B3RL settlement stablecoin targets H1 2026 on Polygon; tokenization platform follows in H2
At Tokenization Day, B3 OTC and digital-assets director Humberto Costa said the B3RL settlement stablecoin, backed by cash and government bonds, built on Polygon, is expected in the first half of 2026, while the tokenized-share registry/tokenizer advances in the second half, disentangling the two timelines that earlier coverage had merged.
Source - Milestone
B3 Tokenization Day: B3RL stablecoin and tokenized share registry confirmed for H2 2026
B3 confirmed its tokenized share registry and B3RL settlement stablecoin target H2 2026 (slipped from H1 2026); stablecoin to be backed by cash and government bonds.
Source - Announcement
B3 announces BRL stablecoin and tokenization platform
Latin America's largest stock exchange plans a BRL-pegged settlement stablecoin for tokenized asset trading.
Source
Featured coverage
Brazilian stock exchange B3 to launch its own tokenization platform and stablecoin
B3 plans a BRL settlement stablecoin for tokenized asset trading as Brazil's Drex CBDC scope narrows.
B3 anuncia lançamento de stablecoin para 2026
Expert XP 2026: B3 confirms B3RL stablecoin launch in the coming months
B3 director Felipe Paiva confirms the B3RL launch window and an early-2027 tokenization follow-up at Expert XP 2026.
B3 lançará stablecoin em reais ainda neste semestre
B3 OTC and digital-assets director Humberto Costa says the B3RL settlement stablecoin, built on Polygon, will launch in H1 2026, with the tokenization platform following in H2.
B3 registra crescimento de 12% na receita no segundo trimestre de 2026
B3's results note confirming that B3RL infrastructure testing has started.