Profile
BRZ profile facts
Brazilian Digital (BRZ) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg Brazilian Real.
- Collateral
- Brazilian real (BRL) cash reserves held at a financial institution authorized by the Central Bank of Brazil
- Peg mechanism
- 1:1 mint and redemption for BRL through Transfero's reserve-manager and teller process; KYC verification is required. The historically reviewed Brazil redemption fee is 1%. The current linked whitepaper describes token burning and a reserve-manager payment order but does not state a maximum end-to-end fiat payout time.
- Jurisdiction
- Bahamas / Securities Commission of The Bahamas (investment-fund role only) / Registered investment fund manager; no BRZ-specific DARE authorization evidenced
- Proof of reserves
- Self-Reported PoR by Transfero BRZ reserve disclosure (self-published report; no independent reserve attestor named) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
BRZ quick answers
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What is Brazilian Digital (BRZ)?
BRZ is Transfero's centralized Brazilian real stablecoin, redeemable 1:1 by KYC'd users against BRL cash held at a regulated Brazilian institution. The static profile records its Brazilian Real peg mechanism as: 1:1 mint and redemption for BRL through Transfero's reserve-manager and teller process; KYC verification is required. The historically reviewed Brazil redemption fee is 1%.
Is BRZ safe?
As of Oct 24, 2026, Pharos grades BRZ F (37/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to customers the issuer has verified. That is a low-band grade, which flags significant structural risk. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs BRZ?
Pharos records BRZ's reserves as of Mar 31, 2024 as 100% BRL fiat reserves. Reserve evidence: Self-Reported PoR, latest period ending Mar 31, 2024. Pharos classifies the backing as Real-World Asset Backed.
Can BRZ be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for BRZ, when applicable, appear in the live dossier on this page.
How do you redeem BRZ?
Under the route Pharos reviewed on Mar 23, 2026, customers the issuer has verified can redeem BRZ for a single stable asset, such as cash or a stablecoin. Settlement is same-day. The reviewed redemption fee is 1%. Whether a given holder qualifies is set by the route's own terms, not by this summary.
