Real Digital platform Cryptocurrencies are increasingly present in the financial sector of several countries, including Brazil, as shown by a survey released by the cryptocurrency broker OKX . According to the data released, 78% of Brazilians see cryptocurrencies as the “future of finance” .
The growing interest comes with a need for regulation, as shown in a survey by Consensys . According to this survey, 48% of Brazilians believe that the cryptocurrency sector should be regulated.
This regulation already exists in Brazil
and the Central Bank of Brazil is entering who gathere for sabbaths legend has it that this market even further with the creation of Drex, also known as Real Digital .
What is Drex (Real Digital) and how does it work?
Drex is the digital representation of the real , which has the same value and acceptance as the traditional real. It will be regulated by the Central Bank and issued only on its official platform, an environment under development that uses distributed ledger technology (DLT).
Access to the Drex platform will only be possible through Real Digital platform an authorized institution, such as a bank or other registered institution. Real Digital is still in the pilot phase, and a second phase of testing was recently announced during 2025.
The project’s goal is to provide a
trusted tokenized payment method, with faster, simpler top 10: best digital marketing agencies in spain transactions and reduced costs , with an infrastructure integrated with financial assets , democratizing access to financial services and the benefits of the digital economy.
The name Drex comes from the combination of the letters “D” and “R”, which refer to Digital Real, “E” which refers to electronics and “X” which is associated with the idea of connection and technology.
To learn more details about Real Digital, check out these contents:
Real Digital: understand how Brazil’s cryptocurrency will work
Real Digital and security in financial transactions: how will it happen?
Source: Reproduction Central Bank of Brazil
Recent Advances in Drex
The Drex project was announced in March 2023, and barbados businesses organization since then it has undergone several improvements, adding new functionalities to the platform. The most recent advances that are being tested on the platform are interoperability between financial institutions and the transfer of federal government securities in the secondary market .
Transfer between two different financial institutions
The first feature that is being tested is interoperability Real Digital platform between different financial institutions. This means that the companies involved in designing Real Digital are testing how the money and asset transfer processes will work between two different financial institutions .
Transfer of public securities in the secondary market
The second functionality that is being tested and could open up a new range of possibilities in the financial market is the transfer of public securities in the secondary market.
Currently, it is only possible to sell the government. Bonds you have purchased to the National Treasury itself. Which will resell them later. However, Drex is testing the possibility of creating. A secondary market. Where it will be possible to sell government bonds to another individual , eliminating the need for a repurchase by the National Treasury.
These tests are taking place
through simulations within the platform, and, when launched, they can greatly facilitate the movement of financial assets, democratizing entry into the financial market.
With the expansion to the second phase of the pilot, the tests will be focused on:
Governance: smart contracts , assets and business models.
Privacy: requirements of other business models.
Additionally, there will be new guest participants for the tests in 2025.
ClearSale’s performance at Drex
Clearsale participates in one of the consortiums. Chosen by the Central Bank. Drex – led by Tecban and with members such as Banco da Amazônia. Tecban, CPQD and others. It was chosen in May 2023. Together with other groups from the Drex Pilot. Including Bradesco. Nubank, Santander, and many others.
As it is not a bank. Like many of the institutions chosen Real. Digital platform by the Central Bank. Drex will not have a direct impact on ClearSale’s current business model. But the company has been working since the beginning. Of the project on the implementation and validation of concepts linked to privacy. Security , availability of pre-validated data and automatic. Data validations within the platform’s smart contracts.