The Brazilian Association of Tokenization and Digital Assets (ABToken) has proposed the creation of a sandbox by the Central Bank to resolve market issues for OTC (over-the-counter brokerage service focused on large investors) transactions in crypto assets.
According to Regina Pedroso, executive director of ABToken, the idea is to establish a specific regulatory sandbox for cryptoassets. “This would form a controlled environment in which companies and institutions could test innovative products, services and business models under the direct supervision of the BC, without the need to fully comply with all regulatory requirements from the outset,” the association said in a statement.
The problem with OTC is that trading in this type of market involves large volumes of transactions outside of traditional brokerage platforms, operating without clear reporting and supervision standards. In the case of the hacker attack on C&M, for example, OTC tables were allegedly used to hide assets from the theft.
“A regulated environment to test best practices can accelerate industry standardization and build confidence among investors and institutional participants,” says ABToken.
The initiative will be presented in January 2026 at the BC in collaboration with the companies Resolve Pay, Bloquo and OTCs associated with ABToken.
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