The Brazilian real estate market has just achieved a historic regulatory milestone. The Federal Council of Real Estate Brokers (Cofeci) published a resolution establishing the first official guidelines for real estate tokenization in the country, creating a legally secure environment for a sector that previously handled funds without defined rules.
16This standard, in addition to legitimizing existing practices, establishes security standards (such as LGPD), transparency and accountability that will definitively transform the way in which properties are digitized and marketed in Brazil.
A New Milestone: The Arrival of the Cofeci Resolution for Real Estate Tokenization in Brazil
Cofeci’s resolution comes as a response to a long-established reality, namely that companies were operating in the purchase and sale of real estate on blockchain without specific regulation.
According to Erik Oioli, managing partner at VBSO Advogados, this is “a very detailed resolution that attempts to organize this market,” recognizing that “there are already countless tokens representing real estate rights.” This regulation establishes clear rules for a sector that moves significant resources and required specific guidelines for its operation.
Why Is This Regulation So Important in the Real Estate Sector?
The real estate sector is traditionally characterized by complex bureaucratic processes, high transaction costs, and significant barriers to entry for small investors. Real estate asset tokenization offers solutions to these historical limitations, enabling the fractionalization of properties, reducing operating costs, and democratizing access to real estate investment.
However, the lack of specific regulations created legal uncertainty for both investors and market operators. Cofeci’s regulations eliminate this gap by establishing technical, operational, and ethical criteria for platforms wishing to operate in the segment. This means greater investor protection, standardized procedures, and the creation of a more balanced competitive environment.
For the market, this regulation also means the transition from an experimental scenario to a professional and regulated environment.
The Position of the Federal Council of Real Estate Brokers
The Federal Council of Real Estate Brokers adopted a pragmatic and inclusive approach when regulating real estate tokenization. Rather than creating barriers or restricting innovation, the body chose to establish guidelines that preserve the strategic role of real estate brokers in the brokerage process, even in digital transactions.
This decision recognizes the sector’s professional expertise and ensures that digital transformation does not eliminate qualified intermediation. Cofeci also demonstrated an understanding of the system’s current limitations, such as the need for integration with existing notary offices and government systems.
The regulation does not attempt to force immediate structural changes in the Brazilian registration system; however, it creates a model that operates in harmony with existing structures and paves the way for future developments.
Getting to Know the New Figures: TID, PITD and Their Essential Roles
The Cofeci resolution introduces key figures that structure the real estate tokenization market, defines specific responsibilities, and creates an organized ecosystem for secure and transparent operations.
Token Imobiliário Digital (TID):
The Digital Real Estate Token (DIT) officially represents rights to real estate in digital form. This formal definition establishes that real estate tokens are legal instruments that convey real rights to taxable properties, beyond mere digital representations. See the table below for the main characteristics of the DIT:
| TID Features | Specifications |
| Collateral | Linked directly to real estate |
| Documentation | Mandatory registration proof |
| Information | Location, features, value, and history |
| Registry | Blockchain for immutability and transparency |
| Rights | Ownership over a fraction or all of the property |
The regulation stipulates that each TID must be directly linked to a real property, with supporting documentation and proper registration. In other words, the digital representation of the real estate asset must have real physical backing, which protects investors against fraud and ensures that each token corresponds to effective rights over tangible properties.
Real Estate Platforms for Digital Transactions (PITDs):
As Plataformas Imobiliárias para Transações (PITDs) são empresas credenciadas junto ao sistema Cofeci-Creeci, com o aval para operar no mercado de tokenização imobiliária. Estas plataformas assumem responsabilidades importantes no sentido de garantir uma operação segura e conforme ao mercado. Para obter o credenciamento, as PITDs precisam atender aos seguintes requisitos:
- They must demonstrate adequate technical and financial capacity;
- Implement robust cybersecurity systems;
- Establish strict compliance procedures;
- Submit to periodic audits by independent entities;
- Implement risk controls;
- Offer qualified customer service channels to users.
To operate in the tokenization market, a tokenization infrastructure that meets the SGR (Governance and Registration System) standards and is fully compliant with the LGPD (General Data Protection Law) is no longer optional; it is a prerequisite that guarantees the real backing of the issued tokens and the confidence of investors.
Pillars of Trust: Security, Compliance and Transparency in the New Standard
The Cofeci resolution establishes fundamental pillars that ensure safe and transparent operations in the real estate tokenization market. These pillars form the foundation on which the new market should operate.
| Pillar | Requirements | Benefits |
| Technological Security | Resilient infrastructure, audit frequency, cyber protection | Protection against failures and attacks |
| Regulatory Compliance | LGPD, SGR, KYC, detailed records | Legal compliance and protection |
| Operational Transparency | Clear disclosure of information, records, and costs | Investor confidence and protection |
The regulation also creates the role of escrow agent, a professional tasked with ensuring that the blockchain registration adequately represents the real estate rights. As Oioli explains, “the property is registered in their name and ensures the preservation of the property and the circulation of tokens representing these rights.”
BLOCKBR: Your Infrastructure for Secure and Regulated Real Estate Tokenization
BLOCKBR, as a Tokenization Infrastructure for scaling businesses, is strategically positioned to meet the demands created by the new regulations of the Federal Council of Real Estate Brokers. Our comprehensive and pioneering tokenization infrastructure provides the technological and legal foundation for companies to become qualified PITDs and operate in compliance with the established requirements.
This occurs on three fronts, which constitute the core of the operation:
BLOCKBR Station provides the robust technology platform required by regulations, offering the security, resilience, and scalability required for real estate tokenization operations. The solution meets the technical requirements established by Cofeci, which include secure integration with government systems and implementation of appropriate security controls.
BLOCKBR Management offers comprehensive management tools that enable PITDs to efficiently manage their real estate token portfolios, monitor asset performance, and maintain ongoing regulatory compliance. This solution is especially valuable for companies that need to demonstrate adequate management capabilities during the Cofeci-Creci accreditation process.
The BLOCKBR whitelabel platform allows companies to quickly develop their own real estate tokenization platforms and maintain their own visual identity and brand while leveraging our proven technology infrastructure.
For Independent Investment Structurers who wish to operate in the regulated real estate tokenization market, EAI BLOCKBR offices offer comprehensive infrastructure and specialized support. This solution allows independent professionals to operate with the same technological quality as large institutions, taking advantage of the financial market revolution that is transforming the digital asset sector.
Conclusion
The Federal Council of Real Estate Brokers’ resolution marks the beginning of a new era for the Brazilian real estate market, as it lays a solid foundation for the sustainable development of real estate tokenization. The regulation, in addition to organizing a market that already operated informally, creates opportunities for the sector’s safe and professional expansion.
For companies looking to capitalize on these opportunities, having technological infrastructure is essential. BLOCKBR offers the complete technological foundation needed to operate in compliance with the new requirements, allowing companies to focus on their core business while leaving the regulatory and technological complexities to us.
BLOCKBR is a Tokenization Infratech for scaling businesses. We offer complete and pioneering tokenization infrastructure that provides autonomy and transforms any company into a digital asset financial market agent to act as a digital broker. Based on the concept of end-to-end tokenization, we offer the entire embedded finance structure.
Everything is done simply, quickly, and without red tape, leaving all the regulatory and technological complexity to us.
