Banks sell crypto tokens across Brazil in growing volume, with Itaú Unibanco, Nubank and Banco do Brasil each listing more than a dozen digital assets while refusing to hold any cryptocurrency on their own balance sheets, a Sept. 7 report showed.

Key Takeaways

Itaú Unibanco, Nubank and Banco do Brasil each list more than a dozen digital assets without holding any cryptocurrency on their balance sheets
Brazil passed its virtual-asset law in 2022, creating a licensing regime and giving Banco Central do Brasil oversight of the sector
Nubank serves more than 100 million customers across Latin America and expanded its token list this year
Itaú brokers trades through licensed partners, a structure that captures fee revenue while avoiding…