BRL / other

Mercado Bitcoin Renda Fixa Digital (tokenized fixed-income program)

issued by Mercado Bitcoin (MB), token issuance platform; underlying obligors vary per offering (receivables/precatórios/consórcio sponsors). inferred

not published

published yield

n/d

size

not established

can you hold it

The terms

Issuer: Mercado Bitcoin (MB), token issuance platform; underlying obligors vary per offering (receivables/precatórios/consórcio sponsors)
Jurisdiction: Brazil (CVM-regulated public offerings)
Chains: not established
Contracts: No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.
Yield basis: Program-level only. Mercado Bitcoin's own public-offering page advertises 'ganhos de até 20% ao ano' and says consórcio tokens can pay three times traditional fixed income. Per-token yields are only in individual 'Lâmina' documents I could not open. A third-party write-up puts the range at 13-15%, which I treat as unverified. source
Size: Not disclosed on any source we could read. source
Minimum: R$ 100 ('A partir de R$ 100, de forma 100% digital')
Who may hold it: Brazilian retail investors with a verified MB account. Individuals are exempt from income tax on gains while monthly sales stay under R$ 35,000. Not covered by the FGC deposit guarantee fund. source
Redemption: Held to the token's maturity date with scheduled payment dates; MB does not publish a standard redemption or secondary-transfer procedure on the pages I read. source
Cost to enter: Not disclosed on the pages I read.
Transferability: Not established. No issuer document or explorer we could read says whether this token can be transferred, so we cannot tell you whether you would be able to hold it.
Secondary liquidity: No DeFi liquidity found. There is no evidence these tokens circulate on a public DEX.

What we think you should know

Included at program level only, and flagged: I verified from MB's own page that the tokens are ERC-20 ('Os tokens de Renda Fixa Digital são assegurados pela tecnologia Blockchain, via ERC-20'), the R$100 minimum, the up-to-20%/yr claim and the tax treatment. I could NOT verify which chain, any ticker, any contract address, or whether tokens are withdrawable to self-custody, MB's education page only says tokens 'can be stored in digital wallets or custodied by specialized platforms'. Confidence is 'inferred' because the on-chain existence rests solely on MB's own 'via ERC-20' statement with no explorer confirmation. A third-party source (PistachioFi) says the program distributed R$1.8bn (~$325M) to users in 2025 and calls the chain 'proprietary', which contradicts the ERC-20 claim, unresolved. Do not treat any number here as a verified AUM.

Sources

Other BRL instruments

Instrument	Ccy	Type	Yield	Size	Access	Confidence
Crown BRLV + BRLV Rewards program BRLV	BRL	yield-bearing stablecoin	not published	$72.95M	permissionless	verified
Etherfuse TESOURO Stablebond (tokenized Brazilian short-term sovereign debt) TESOURO	BRL	tokenized government debt	12.76%	$752.30k	permissionless	verified
Yield Bearing BRL BRLY	BRL	yield-bearing stablecoin	not published	n/d	allowlist + KYC	verified