Cássio J. Krupinsk, founder and CEO of BlockBR, predicts that the Brazilian tokenization market will experience a surge in the coming years, with greater liquidity and efficiency.

The advancement of the Central Bank’s book-entry system reinforces what was already predictable for Cássio J. Krupinsk: tokenization is a path of no return.

According to an interview given during Blockchain.Rio, Krupinsk believes that the technology is already changing the way credit is issued, recorded, and traded in the country.

The executive recalls that, two years ago, he already pointed to the inevitability of this movement. For him, adoption of tokenization will be universal, as it reduces costs, eliminates bureaucracy, and increases market liquidity.

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Krupinsk points out that, by 2025, the sector will have matured significantly among both borrowers and investors. This evolution, he says, will enable traditional assets, such as book-entry notes, to be transformed into accessible digital opportunities.

Even professionals in the market itself, he says, are still discovering assets they didn’t know existed. This expansion, he emphasizes, will bring greater efficiency and liquidity, as well as new decentralized registration models.

At the event he attended, Central Bank Director Fábio Araújo argued that crypto assets play a fundamental role in the financial system, in addition to tokenization. Cássio sees this connection as a natural part of evolution.

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The integration between DeFi and TradeFi

For the CEO of BlockBR, the combination of decentralized finance (DeFi) and traditional finance (TradeFi) is inevitable. He explains that TradeFi, with regulatory licenses and secure infrastructure, facilitates the distribution of tokenized assets.

DeFi, on the other hand, which is more decentralized, faces difficulties in accessing assets with guarantees, which limits the flow. The integration of these two fronts, he says, will create a unique and secure ecosystem.

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When asked whether this integration could inject more resources into the economy without raising taxes, Krupinsk acknowledges the potential but points out that fiscal rules still pose challenges.

“When an operation has legitimate exemption, it should be maintained, as this attracts capital and generates opportunities,” he argues.

The future of BlockBR and the market

In five years, the CEO believes that the term “token” may even fall out of use, just as no one talks about using “TCP/IP” to access the internet. For him, everything will be seen simply as digitized operations.

Krupinsk concludes that, in five years, the market could follow two paths: centralized for those with distribution, or decentralized where the fragility of supply is not a risk.

“What is certain is that there is no turning back on the path to tokenization in Brazil.”

Check out the full interview

Tokenization

Cointelegraph Brazil (CTBR) How do you see the tokenization market in Brazil? Is this a trend that will consolidate?

Cássio J. Krupinsk (CK) – I have already spoken about this for two years: it is a path with no return. The role of regulatory agents in this market is imminent.

All will end up migrating to a infrastructure for tokenization, because it offers agility, efficiency and several advantages that, in addition to reducing bureaucracy and making operations more cost-effective, increase liquidity and allow the market for capital grow in fact.

CTBR: At what stage do you see this market today, in 2025?

CK – Now we have reached that reality. In this second half of the year, the market is more mature. Both borrowers and investors see tokenization as a great opportunity.

The debureaucratization of registers and papers, such as bookkeeping notes, is already a reality, and many investors still are not even know all the possible assets. Even professionals in the sector discover new opportunities. This will bring each time more volume, efficiency and liquidity.

CTBR: How do you see the connection between DeFi, crypto market and TradeFi with RWA tokens?

CK– It is a natural process of evolution. At TradeFi, with regulatory licenses and secure infrastructure, we are able to distribute assets with liquidity.

DeFi, on the other hand, is more decentralized, but faces difficulties in accessing assets with guarantees, which slows down the market. The combination of these two ends is fundamental and will happen naturally. We are at the beginning of this construction, which should consolidate in a secure environment. Future of tokenization

CTBR: This integration can help to inject more money into the economy without raising taxes?

CK: That’s a sensitive point. It is often possible to structure P2P assets with tax exemption, depending on the type of offering and the instrument it replaces.

But we run into old rules, which can cause us to take a few steps backward. The expectation is that when an operation has legitimate exemptions, they will be maintained, as this attracts capital and generates opportunities.

CTBR: How do you see the BlockBR and the market for tokenization in Brazil five years from now?

CK: I don’t know if we’ll still be using the word “token.” Just as no one says they use TCP/IP, but rather “the internet,” I believe that everything will be seen only as digitized operations.

BlockBR’s role will be to decentralize roles, giving autonomy to any market agent to transform businesses and relationships into opportunities, with an ecosystem vision and regulatory support.

CTBR: And what will be the format of this market in the future?

CK: If we already have events with so many participants and foreign companies keeping an eye on Brazil, it is because the path is irreversible.

In five years, the model will either be highly centralized for those with distribution or completely decentralized where supply does not create fragility.

Source: Cointelegraph