The Central Bank of Brazil has signaled the Drex project for 2025.

#Drex is a Platform of #Tokenização to Streamline Credit, Clarifies President of the Central Bank

In a highly publicized speech in #Blockchain Rio this Wednesday (6), the president of the Central Bank (BC), Gabriel Galípolo, redefined the monetary authority's vision of Drex. He stated that the project is evolving to become a platform for asset tokenization, distancing itself from the classic concept of a Central Bank Digital Currency (CBDC).

Galípolo argued that the main goal of Drex is to utilize tokenization technology and smart contracts to revolutionize the credit market in Brazil. The platform will allow assets (such as real estate, vehicles, or receivables) to be easily converted into digital representations (tokens) and used as collateral in credit operations, making the process faster, cheaper, and with less bureaucracy.

"Drex aims, through tokenization and smart contracts, to facilitate the collateralization of assets for credit and transactions with less friction," summarized Galípolo.

He also highlighted a change in BC's philosophy. Galípolo advocates that instant payment systems, such as #Pix , already efficiently solve many of the issues that a #CBDC traditional system aimed to address. Additionally, the Central Bank has stopped linking Drex to a specific technology, such as DLT (Distributed Ledger Technology), adopting an "agnostic" stance to focus on the best available tool to solve the problem of credit optimization in the country.

The new position signals that, for the Central Bank of Brazil, the future of Drex is less about creating a new currency and more about building a digital, programmable, and more efficient financial infrastructure for all of Brazil.