How an Overseas Company or Protocol Treasury Can Hold and Move Brazilian Reais On-Chain

An overseas company or a protocol treasury that needs a position in Brazilian reais faces a practical problem before any strategy question: how to hold and move reais without opening local banking relationships and waiting for Brazilian market hours. An on-chain real lets the treasury hold the currency as a token and move it on the network’s schedule. The Crown issues BRLV for that.

Holding reais as an on-chain asset

BRLV is a virtual asset pegged 1:1 to the real, backed entirely by Brazilian federal government bonds held in a bankruptcy-remote structure, with the principal available 24 hours a day, 7 days a week. For a treasury outside Brazil, that means a reais position can be held as a token in a wallet rather than in a local account, and the backing is verifiable: reserves are attested daily by an independent third party and published. The peg mechanism behind the 1:1 value is explained in how a Brazilian real stablecoin holds its 1:1 peg.

Moving it and where it can sit

BRLV is an ERC-20 token issued on Ethereum, Base and Tempo, so it moves between wallets on-chain, continuously. It can be held in Crown’s wallet system, built on Fireblocks institutional custody, or in a wallet of the treasury’s own choice, including outside Crown. The networks, wallet options and self-custody are set out in where a Brazilian real stablecoin can be held. For a treasury that also holds balances for an on-chain operation, the cash-placement comparison is in operating cash for an on-chain RWA operation.

Entry and exit of capital

The treasury moves in and out through Crown. In the primary market, a registered client deposits reais via Pix or USDC and converts to BRLV at R$ 1.00, and redeems the same way. For the dollar side, Crown FX converts between reais and dollar stablecoins (USDC or USDT) with settlement in minutes, which is how a cross-border treasury enters and exits a reais position without the delays of traditional settlement. The two Crown FX models, liquidity provider and FX-as-a-service, are compared in institutional BRL and dollar-stablecoin liquidity.

The checks before holding it

An overseas treasury is a business, so onboarding runs through KYB, with sanctions and politically-exposed-person screening, beneficial-owner mapping and source-of-funds review. The counterparty checks a treasury should run on the issuer in turn are in the AML and KYC controls to check at a BRL stablecoin issuer before transacting. Integration for a treasury that automates movements is through an API documented at docs.crown-brlv.com. Crown performs the mandatory reporting to the Central Bank of Brazil for operations on the platform, operates under the Brazilian virtual-asset legal framework, and is in the authorization process with the Central Bank of Brazil.