{"editorial":{"content_id":"d9e7b62f-9eb4-4e28-b29e-4578bcf79039","slug":"dlt-20261107-7b614f","content_type":"news","title":"巴西证监会代币化工作组收到11份DLT试点项目提案","summary":"巴西证券委员会代币化工作组在DLT试点计划框架下收到11份代币化资产网络测试项目提案，将按第249号决议审核。","body":"巴西证券委员会（CVM）代币化工作组（GTT）在DLT试点计划框架下共收到11份不同的代币化资产网络测试项目提案。该计划旨在开展证券在分布式账本技术（DLT）网络上的发行、要约、分销、交易、登记、托管、集中存管和结算等实验性操作。\n\nCVM主席奥托·洛博（Otto Lobo）表示，代币化工作组并非仅由主席层面构思和组建，而是由多个部门迅速组织推动，最终通过规范性文件组建了涵盖14个部门的GTT，相关工作以真正的透明度开展。\n\nCVM董事会顾问毛里西奥·布尔康（Maurício Bulcão）称，试点项目提交已进入最后阶段，收到的项目数量超过预期的三倍，显示CVM可以发挥催化作用推动巴西资本市场发展。\n\n所有提案将由GTT审核，以核查其是否符合2026年10月14日发布的CVM第249号决议的要求，并检查是否存在待决事项和需关注的问题。\n\nCVM机构发展与现代化部门主管若泽·亚历山大·瓦斯康（José Alexandre Vasco）表示，CVM正致力于市场监督与监管的现代化和改善，这属于强化机构能力的范畴，在最高法院就ADI 7791作出裁决后，这一目标在50年后得以实现。\n\nDLT试点计划由代币化工作组推动，成员包括CVM技术人员、行业协会、自律组织和专家，研究对象涵盖股票、债券、应收账款凭证、基金份额及其他集体投资证券或合同。该计划的协调、监督和控制由CVM管理委员会负责，最终评估报告将提交CVM董事会。\n\nCVM技术团队将GTT工作分为监管、基础设施、治理和监督四个方向。随着决议发布，监管与规范方向已完成使命，并在60天期限内提交了实验性监管制度提案；基础设施与网络安全、治理研究与机构衔接、市场监管三个方向仍在推进中。","why_it_matters":null,"cbi_observation":null,"direction_tag":"巴西","primary_category":"金融监管","secondary_topics":["金融","政策","科技"],"content_level":"编辑整理","event_type":"政策法规","audience_tags":[],"event_location":null,"verification_status":"source_verified","published_at":"2026-11-07T11:05:33.718Z","display_date":"2026-11-07","source_published_at":null,"source_url":"https://www.gov.br/cvm/pt-br/assuntos/noticias/2026/grupo-de-trabalho-de-tokenizacao-da-cvm-recebe-11-propostas-de-pilotos-para-testes","source_name":"CVM","source_language":"pt","author_name":"编辑部","risk_level":"low","risk_flags":["regulatory_uncertainty","compliance_risk","legal_risk"],"opportunity_flags":["market_entry_opportunity","investment_signal","partnership_opportunity"],"trend_signals":["regulatory_modernization","tokenization_growth"]},"intelligence":{"intel_id":"888c9131-09e2-47e2-9a2b-89e0df41af26","version":1,"event_type":"监管表态","event_date":null,"main_entities":[{"name":"巴西证券委员会（CVM）","role":"DLT试点计划监管机构，负责审核提案和试点监督","type":"regulator","country":"巴西","normalized_name":null},{"name":"CVM代币化工作组（GTT）","role":"在DLT试点计划框架下审核11份代币化资产网络测试项目提案","type":"government_body","country":"巴西","normalized_name":null},{"name":"奥托·洛博（Otto 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