Unlike rumors regarding the creation of state sovereign reserves, Brazil is consolidating a regulated infrastructure for treasury with Bitcoin at the municipal and corporate levels. According to recent data from the B3 exchange and new Central Bank regulations, the goal is to provide safe and familiar tools for institutions to manage digital assets without operational friction.
The company Méliuz has led this trend after obtaining shareholder approval to raise nearly 180 million Brazilian reais destined for the purchase of BTC in 2025. On the other hand, the B3 exchange reduced the size of future contracts to 0.01 BTC on June 16, 2025, to facilitate hedging. Likewise, the arrival of OranjeBTC to the public market in October reinforces institutional access to these assets on audited balance sheets.
How does financial regulation transform corporate adoption of cryptoassets?
Corporate treasurers seek to protect their firms’ purchasing power against the fluctuations of the Brazilian real through liquid and audited instruments. Furthermore, the new rules for virtual asset service providers (VASPs), which will come into force in February 2026, eliminate much of the existing operational uncertainty. Thus, clear standards on licensing, governance, and security are established to effectively mitigate counterparty risks.
The availability of regulated financial products allows companies to manage risks with greater precision without the need to custodian private keys directly. This could incentivize other chief financial officers to replicate the model of controlled exposure through listed vehicles such as spot ETFs. Therefore, the integration of cryptoassets into corporate balance sheets becomes a much more viable and less risky option for the private sector.
Brazil demonstrates that the key to adoption is not state accumulation, but the creation of clear rules and simple access products. As the full implementation of regulations approaches in 2026, greater institutional participation is expected to legitimize the use of cryptocurrencies within traditional finance structures.
